I never thought I’d see the day when 10% (U3) unemployment was considered good news, but the new jobs report showed unemployment edged down from 10.2% to 10% and the economy lost only 11,000 jobs last month.
The unemployment rate fell to 10 percent in November as employers cut the smallest number of jobs since the recession began.
The Labor Department said Friday that the economy shed 11,000 jobs last month, an improvement from October’s revised total of 111,000. That’s also much better than the 130,000 Wall Street economists expected.