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  • Breaking news: Jobless rate rises to 9.8 pct. as job growth slows

    JEANNINE AVERSA AP Economics Writer

    Jobless rate rises to 9.8 pct. as job growth slows WASHINGTON — The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high, as hiring slowed. Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month. Private companies — the backbone of the economy — created 50,000 jobs. That was down significantly from the 160,000 private-secto...