Payroll growth disappoints Jobless rate dips to 5.9% (news spin from 2003)

CNN ^

[MNDude]

Payroll growth disappoints Jobless rate dips to 5.9%, though growth in payrolls is far weaker than economists had forecast. (news spin from 2003) NEW YORK (CNN/Money) - U.S. employers remained cautious in November despite robust economic growth in late summer, adding meager numbers to their payrolls, according to a government report Friday that fell far short of Wall Street forecasts.

Payrolls outside the farm sector grew by 57,000 jobs, the Labor Department said, compared with a revised gain of 137,000 in October. The unemployment rate fell to 5.9 percent, the lowest level since March. Economists had forecast 150,000 new jobs and unemployment steady at 6 percent, on average, according to Briefing.com.

[silverleaf]

thanks for reminding us of the horrors of the Bush presidency

[NMEwithin]

unemployment goes down under bush and it's still doom and gloom

unemployment rate goes up under Bammy and it's happy days are here again!!