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05 Dec

Unexpected drop in jobless rate sparks optimism (AP)

Posted in business on 05.12.09

Carolyn Malone, 62, looks for jobs online at the Milwaukee Hire Center on Friday. The nation's jobless rate fell unexpectedly to 10 percent last month, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. But people searching for work like Malone say it's a competitive job market and they're not too hopeful of finding a job.(AP Photo Emily Fredrix)AP – Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery.



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