02 December 2011 20:16 [Source: ICIS news]
WASHINGTON (ICIS)--The ?xml:namespace>
In its monthly jobs report, the department said that the
In the plastics industry there were about 900 job reductions in November compared with the prior month, with the sector’s workforce complement falling to 628,800 from October’s total of some 629,700.
However, the drop in the unemployment rate to 8.6% was in large measure due to a decline in the overall size of the
According to the department, some 316,000 unemployed people gave up looking for work in November compared with October.
With the total workforce consequently reduced to about 153.8m and with 120,000 new jobs generated during November, the unemployment rate eased to 8.6%.
Analysts also noted that a large share of the jobs added in November was attributed to 50,000 new hires in the retail sales industry, and many of those workers could be temporary staff hired for the US Christmas holiday shopping season.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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