Jobs report a wake-up call to Washington
Bad news on the job market report.
Friday’s report sent a cold chill through widening optimism that the U.S. economy is improving. The report counted just 39,000 new jobs in November, far fewer than the up-to 170,000 jobs that economists had predicted. The unemployment rate increased to 9.8 percent, a seven-month high.
Washington needs a wake-up call, economists fear the unemployment rate will remain higher than predicted.