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| US unemployment rate eases to 10% | US unemployment rate eases to 10% |
| (10 minutes later) | |
| The US unemployment rate fell in November to 10% from 10.2% in October, Labor Department figures show. | The US unemployment rate fell in November to 10% from 10.2% in October, Labor Department figures show. |
| Employers in November cut the fewest number of jobs since the recession began in December 2007. | Employers in November cut the fewest number of jobs since the recession began in December 2007. |
| 11,000 jobs went over the month. That was far fewer than had been expected by most analysts. | |
| For such a large economy as that of the US the change was so small the Labor Department called it "effectively unchanged". | |
| Payrolls have fallen every month for almost two years, but this year, the pace of decline has slowed sharply. | Payrolls have fallen every month for almost two years, but this year, the pace of decline has slowed sharply. |
| Last month, 190,000 jobs were lost, and this month the forecast was for another 130,000 to be cut. | |
| Four sectors actually added jobs: professional and business services, education and health, temporary help employment and the government itself were those cited by the Labor Department. | |
| Although the unemployment rate has risen for almost two years solid, the rate of increase has been dropping throughout the year. | |
| There are, though, still some sectors that are seeing substantial jobs losses. Construction is still suffering, with 27,000 jobs lost over the month. | |
| Manufacturing is another area badly hit, it saw payrolls shrink by 41,000 between October and November. |