Friday, January 08, 2010
Payrolls fall 85,000 as jobless rate stays at 10%
Date: Fri, 08 Jan 2010 12:00:58 -0500
PAYROLLS FALL 85,000 AS JOBLESS RATE STAYS AT 10%
U.S. job losses resume in December while the unemployment rate was
steady at 10% on a huge decline in the number of people looking for
work; nonfarm payrolls fall by a seasonally adjusted 85,000 in
December following a revised 4,000 gain in November.
EURO-ZONE UNEMPLOYMENT AT 11-YEAR HIGH
Unemployment in the 16-nation euro zone reaches 10% in November, the
highest level in 11 years.
U.S. STOCKS SLIP IN WAKE OF JOBS DATA
The December jobs report shows bigger-than-expected losses, but
stock-market declines are modest as tech companies climb and wholesale
inventories surge.
