Unemployment drops to 10 percent - Trade Only Today

Unemployment drops to 10 percent

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The unemployment rate dropped to 10 percent in November, from 10.2 percent in October, the U.S. Bureau of Labor Statistics reported today.

In November, both the number of unemployed people, at 15.4 million, and the unemployment rate edged down. At the start of the recession in December 2007, the number of unemployed people was 7.5 million and the jobless rate was 4.9 percent.

In November, employment fell in construction, manufacturing and information, while temporary help services and health care added jobs.

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