The New York Times
Friday, December 5, 2008 -- 8:38 AM ET
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Unemployment Rate Rises to 6.7%
New figures from the Labor Department show a much sharper
worsening of employment conditions than economists expected.
Some 533,000 nonfarm jobs were eliminated in November, the
most in one month since the mid-1970s, and figures for the
prior two months were revised upward by 199,000. The
unemployment rate rose two-tenths of a point to 6.7 percent
in November; it would have been even higher if large numbers
of discouraged workers had not given up looking for work.
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