The Labor Department shocked Wall Street this morning when it reporting that November unemployment fell to 10 percent as the US lost just 11,000 jobs last month.
The number instantly sent stock futures, the dollar and interest rates surging, as analysts had been expecting unemployment to rise from October’s stunning 10.2 percent figure to 10.3 percent. Economists had also been predicting the country would lose 125,000 jobs in November.
At the same time, the Labor Department also revised job-loss figures for September and October, saying 159,000 fewer jobs were lost between September and November than initially calculated.
While manufacturing and construction continued to contract, the Labor Department said professional services, education and health care posted gains last month.

