Mark November as a disappointing month for job creation in the U.S., as
employers added only 50,000 new jobs.
According to the Labor Department, while employers have added jobs for the 11th month in a row -- and adding jobs
is better than cutting jobs -- the low number came as a shock to many, and nowhere near the
150,000 new jobs that need to be added just to keep pace with population growth.
Governments cut 11,000 jobs in November, representing a net gain of 39,000 new jobs.
Unemployment inched upward to 9.8 percent -- making it the 19th straight month above 9 percent,
the longest stretch ever recorded.
The vast majority of jobs added in November were temporary jobs.
Employment in construction, retail, and manufacturing all declined in November.
