Anatole
12-09-2006, 11:03 AM
Employers in the U.S. added more workers than forecast in November, showing the economy's resilience as housing and manufacturing slump.
The increase of 132,000, which reflected hiring at retailers, restaurants and healthcare firms, followed a gain of 79,000 the prior month that was less than initially estimated, the Labor Department reported today. The jobless rate rose to 4.5 percent from a five-year low of 4.4 percent.
The figures validate Federal Reserve Chairman Ben S. Bernanke's assurances that the economy will continue to expand and even pick up next year. Policy makers, who lifted borrowing costs for two years through June, are expected to keep their benchmark interest rate at 5.25 percent next week.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aDy16NrPejl8&refer=us
The increase of 132,000, which reflected hiring at retailers, restaurants and healthcare firms, followed a gain of 79,000 the prior month that was less than initially estimated, the Labor Department reported today. The jobless rate rose to 4.5 percent from a five-year low of 4.4 percent.
The figures validate Federal Reserve Chairman Ben S. Bernanke's assurances that the economy will continue to expand and even pick up next year. Policy makers, who lifted borrowing costs for two years through June, are expected to keep their benchmark interest rate at 5.25 percent next week.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aDy16NrPejl8&refer=us