Jobless rate falls to 10% as job losses shrink

Date: Fri, 04 Dec 2009 12:00:59 -0500

----------------------------------------------------------------
Jobless rate falls to 10% as job losses shrink

The U.S. labor market improved markedly in November, with the
unemployment rate falling back to 10% and job losses shrinking to the
lowest level in nearly two years, the Labor Department reports.

TAXES, EXPORTS IN FOCUS AT WHITE HOUSE JOBS SUMMIT

President Barack Obama says he'd look into giving businesses more tax
incentives to add employees, as leaders from Corporate America, labor
and academia offer up ideas for creating jobs at a White House summit.

DOLLAR MAKES BIGGEST RISE SINCE JUNE ON JOBS DATA

The dollar gains most since June after a report shows a surprisingly
shallow drop in U.S. jobs, raising expectations for a stronger U.S.
recovery that could prompt the Federal Reserve to hike rates earlier
than some had forecast.

EUROPE STOCKS STAGE SHARP TURNAROUND AFTER DATA

European shares stage a sharp turnaround, with miners in the lead,
after data paints a much better-than-expected picture of the U.S.
economy.

CONFRONTING THE INFLATION BOOGEYMAN

Gold is hitting all-time highs amid growing fears of inflation, writes
Howard Gold.