Unemployment rose in November
December 10, 2001
Employment dropped sharply for the second month in a row in November, and the unemployment rate rose to 5.7 percent.
The number of unemployed persons increased by 419,000 to 8.2 million in November and the unemployment rate rose by 0.3 percentage point. The jobless rate in November was at its highest level since August 1995.
Since October 2000, when both measures were at their most recent lows, unemployment has risen by 2.6 million and the unemployment rate has increased by 1.8 percentage points, of which 1.4 percentage points have come since the beginning of the recession in March.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rose in November on the Internet at https://www.bls.gov/opub/ted/2001/dec/wk2/art01.htm (visited January 20, 2021).