Jobless Rate Falls, But Most Don't Expect It To Last

Posted: Dec 04, 2009 9:58 AM
The unemployment rate is at 10% for November, down from 10.2% in October, but analysts still think the rate will head north because the economy can't generate enough jobs. Still, the news is heartening:
The economy shed 11,000 jobs last month, an improvement from October's revised total of 111,000, the Labor Department said Friday. That's much better than the 130,000 Wall Street economists expected.

...The average work week rose to 33.2 hours, from a record low of 33 hours. Economists expect employers will increase hours for their current workers before hiring new ones.