Forum Views () 
Forum Replies ()  
 
 
Read more with google mobile :
US firms post best job gains in three years  
 
 
 
 
 
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
  
 
 
   
 
 
 
 
 
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
 
 
 
Top Stories
Most Popular
Photos
Full Coverage
Sitemap
 
 
 
  
  
 
 
 
 
 
 
 
 
US firms post best job gains in three years
 
 
  
 
 AFP - Thursday, December  2
 
 
Send
 
IM Story
 
Print
 
 
 
 
 
 
 
WASHINGTON (AFP) - – US private sector employment saw strong gains in November, with payrolls expanding by 93,000 -- the largest jump in three years, payrolls firm ADP said Wednesday.
 
"This month's ADP national employment report shows an acceleration of employment and suggests the nation's employment situation is brightening somewhat," the firm said.
 
The 10th consecutive month of gains offered hope that the job sector, still convalescing after a brutal economic recession, was on the mend.
 
But ADP warned "employment gains of this magnitude are not sufficient to lower the unemployment rate."
 
That echoes concerns by Federal Reserve chairman Ben Bernanke, who on Tuesday warned current high levels of unemployment could become entrenched and have a "very long-term effect" on the US economy.
 
Describing job creation as "probably the most important economic issue facing America today," Bernanke cautioned on the risks of long-term unemployment.
 
With nearly 40 percent of the jobless unemployed for more than six months, fears are growing that that high jobless rates may be more than a temporary result of a brutal recession.
 
"This is very unusual and very worrisome," Bernanke said, warning that workers could become detached from the workforce, skills could erode over time and firms become more skeptical about the unemployed.
 
"This could have a very long-term effect on people's wages, on their employability," Bernanke said.
 
He added the world's largest economy was not growing fast enough to handle even the number of people entering the workforce, with 2.0 percent to 2.5 percent growth needed to just to keep up.
 
The Fed has predicted gross domestic product growth will hit 2.4-2.5 percent this year.
 
The unemployment rate remained stuck at 9.6 percent in October for the third month in a row.
 
The government's November nonfarm jobs report is due on Friday. Most analysts expect the unemployment rate will remain stuck at 9.6 percent for the fourth consecutive month and job creation to slow to 140,000 from 159,000 in October.
 
"We are reluctant to get too excited about this number," said Ian Shepherdson at High Frequency Economics.
 
"We are sticking to our view that Friday's official payroll number will be on the disappointing side of consensus."
 
 
 
 
   
 
 
 
 
 
 
Recommend
 
 
 
 
 
 
 
Send
 
IM Story
 
Print
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
News Search
 
 
 
 
 
 
 
 
 
Top Stories
 
 
 
 
FA condemn pitch invasion on eve of 2018 vote
Eurozone braces for radical ECB liquidity move
'Critical safety issue' with Rolls A380 engine
Fed lifts lid on crisis lending to non-US banks
Obama reverses oil drill expansion after BP spill
 
 
 
 More Top Stories »
 
 
 
ADVERTISEMENT
 
 
  
 
 
 
 
Most Popular
 
 
 
 
Most Viewed
 
Most Recommended
 
 
 
 
Finger length predicts prostate cancer risk: study
 
'Sarkozy the American' mulled troops for Iraq: WikiLeaks
 
Eurozone debt crisis deepens
 
Complacency fuels new AIDS surge in West: UN
 
Euro recovers -- but fears of Portugal bailout
 
 
 More Most Viewed »
 
 
 
 
 
'Naked' airport scanners may be 'dangerous'
 
Pilgrims stone 'devil' as Muslims celebrate Eid
 
World leaders scramble for funds to save the tiger
 
US, S.Korea plan war games after N.Korean attack
 
Obama gets 12 stitches after 'elbow in the lip'
 
 
 More Most Recommended »
 
 
 
 
 
 
 
  
 
 
 
 
Elsewhere on Yahoo!
 
 
 
 
Financial news on Yahoo! Finance
 
 
Stars and latest movies
 
 
Best travel destinations
 
 
 
 
 
  
 
 
 
 
 
 
More on Yahoo! News
 
 
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
 
Also on Yahoo!
 
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
 
Site Highlights
 
Singapore
Full Coverage
Most Popular
Entertainment
Photos
Yahoo! News Network 
 
 
 
 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
 
 
    
  
   
 
 
    
   
 
Other News on Thursday,  2 December 2010 Pakistan rejects fears over its nuclear weapons
|  
Pakistan passed potential attack info to Israel
|  
Ivory Coast president party says rebels rigged poll
|  
Darfur mediators face violent protests
|  
Northern Europe freezes, Cyprus in drought
|  
S.African teen sex challenges anti-AIDS fight  
Paksitani stocks, o/n rates end lower; rupee firms  
Groupon expanding in Silicon Valley and Asia
|  
Verizon to launch new high-speed service on Sunday
|  
German patent firm wins part of battle vs Nokia
|  
RIM launches patent suit against startup Kik
|  
Israel's Cellcom network suffering major fault
|  
Elton John edits UK newspaper for World AIDS Day
|  
Johnny Depp driven nuts by French language
|  
Uma Thurman stalker back in jail
|  
US soldier gets 9 months for killing Afghan civilians  
Wikileaks' Assange in UK, police know where: report
|  
US-TECH Summary  
Israel unveils new residential plan near East Jerusalem  
Eurozone braces for radical ECB liquidity move  
Take-Two sees opportunity in digital  
U.S. views Chavez in axis of mischief: leak
|  
'Critical safety issue' with Rolls A380 engine  
Canada probing possible US misconduct in Afghanistan  
Motorola eyes home streaming to mobile  
China says North Korea ties have survived tempest
|  
Fed lifts lid on crisis lending to non-US banks  
NATO member killed in roadside bomb in Afghanistan  
FTC backs "do not track" tool for Web users  
Obama extends drilling ban in wake of BP spill  
Putin warns West over missile defence: report
|  
NZealand website defends topless breast cancer campaign  
South Africa's anti-AIDS drugs reach a million people  
Egypt's opposition groups quit "rigged" vote  
Ivory Coast president wants vote cancelled: party
|  
Higuain facing surgery for herniated disk  
Israel unveils new residential plan near East Jerusalem
|  
Afghan election body declares parliamentary results final  
German EON offloads 'milestone' Gazprom stake  
Afghanistan announces last set of election results
|  
Migration watch saves Israeli jets from bird strike  
US firms post best job gains in three years  
Congo army commander hit with U.N. sanctions
|  
Gambhir leads India to easy one-day win over NZ  
Iran says U.N. sanctions helped scientist's killers  
FCC chief backs some rationing of Internet traffic  
Tom Hanks to star in controversial Latino film  
Amazon drops WikiLeaks under political pressure  
Ben Affleck wants to make movie about DRCongo  
U.S. initiates post-WikiLeaks security crackdown  
Google buy of Groupon could see antitrust review  
Belarus to eliminate highly-enriched uranium stocks  
News trumps celebrity in 2010 Web searches  
Netflix scrambles future of TV and films  
Motorola eyes home streaming to mobile  
Google buy of Groupon could see antitrust review
|  
FTC backs do not track tool for Web users
|  
Motorola eyes home streaming to mobile
|  
German patent firm wins part of battle vs Nokia  
Take-Two sees opportunity in digital
|  
Netflix scrambles future of TV and films
|  
Malaysia launches women-only buses  
US-ENTERTAINMENT Summary  
Media companies look beyond today's App stores
|  
Eminem and R&B singer Bruno Mars lead Grammy nominees  
News trumps celebrity in 2010 Web searches
|  
Madonna's new gym overcomes Mexican bureaucracy  
Michael Jackson's dad refiles lawsuit against doctor  
US museum pulls video after Catholic complaints  
Marshals' order calls for Wesley Snipes to start sentence  
Tom Hanks to star in controversial Latino film  
Sundance unveils competition films for 2011 festival  
Ben Affleck wants to make movie about DRCongo  
Seoul shares gain as chip maker bounce; Kia gains  
South Korea bonds pare losses on policy rate views  
NZ 2013 govt bonds yield 4.19 pct at tender  
N.Korea may shell South again in 2010 -Japan media  
US, S.Korea push for auto, beef deal to save pact  
S.Korea economy grows 0.7 pct in Q3, revised figure confirms  
South Korea won advances as stocks, euro bounce  
Seoul shares open up as euro fears ebb  
Eminem and R&B singer Bruno Mars lead Grammy nominees
|  
Indian ex-minister in telecom row bemoans trial by media  
Marshals order Wesley Snipes to start sentence by December 9
|  
RPT-NZ housing confidence touch softer in Q3  
Sundance unveils competition films for 2011 festival
|  
Soul icon Solomon Burke earns posthumous Grammy nod
|  
 News  
Prosecutor says Russia virtual 'mafia state': WikiLeaks  
Israel to blame for "collapse" of talks  
Swedish High Court refuses WikiLeaks founder appeal
|  
Northern Europe counts cost of big freeze
|  
Climate talks hit bump as Lula expects no result  
Snow batters Europe again, Britain grinds to halt  
UN nuclear chief steps up pressure over Syria site  
Israel to blame for collapse of talks: Abbas aide
|  
Russia to increase missiles unless shield agreed: Putin  
IAEA laments lack of Iran cooperation before talks
|  
EU must spend more to fight terrorism: EU official
|  
FA condemn pitch invasion on eve of 2018 vote  
Russia opens world's first nuclear fuel bank  
NATO: 3 service members killed in Afghanistan  
Greek police clash with students, fire teargas
|  
German EON sells Gazprom stake for 3.4 billion euros  
UK Afghan hostage death blamed on U.S. grenade
|  
Egypt opposition party to abandon seats won in vote
|  
Clinton visits Kyrgyzstan for talks with president  
Suspect in death of Hollywood publicist kills himself  
Leaders battle for deal to boost OSCE powers  
Japan gives go-ahead to  Japan-Google deal  
Tension, acrimony as World Cup vote looms  
China says North Korea ties survived "tempests"  
Strong US data sends Asian markets surging  
UN atomic watchdog 'concerned' over N.Korea  
Diller steps down as IAC CEO, Malone swaps stake for cash
|  
Eminem caps comeback year with 10 Grammy nods  
Qantas prepares to sue Rolls-Royce over engine blast  
Vietnam price controls 'a WTO violation'  
Acer sees shortages as smartphone demand surprises
|  
Suspect in death of Hollywood publicist kills himself  
Pakistani stocks end near 29-mth high; rupee weakens  
EDITORIAL: New policy on N. Korea  
Yahoo Japan: Google deal gets regulatory green light
|  
Soul icon Solomon Burke earns posthumous Grammy nod  
Seoul in panic over leaked US diplomatic cables  
S.Korea regulator says capital control steps to go ahead  
Time Warner's Bewkes skeptical of Netflix plan
|  
Taiwan central bank to meet on policy Dec 30-source  
Foreign firms' path to China's A-share market eased  
Pakistan's forex reserves ease to $16.74 billion  
Detained Indonesian terror suspect to have operation next week  
Taiwan firms start issuing dollar-denominated CP  
Indonesia to relocate its first planned nuke power plant  
At least three to bid for AIG Taiwan unit -sources  
Angelina Jolie defends Bosnian directorial debut
|  
Queen Elizabeth shed tears at Narnia film ending: Neeson
|  
A Minute With: Kirsten Dunst and All Good Things
|  
Suspect in death of Hollywood publicist kills himself
|  
Greece at new risk of being pushed off euro  
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found  
Female Breasts Are Bigger Than Ever  
AMD Trinity Accelerated Processing Units Now in Volume Production  
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time  
AMD to Start Production of piledriver  
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs  
Islamists Protest Lady Gaga's Concert in Indonesia  
Japan Successfully Broadcasts an 8K Signal Over the Air  
ECB boosts loans to 1 trillion Euro to stop credit crunch  
Egypt : Mohammed Morsi won with 52 percent  
What do you call 100,000 Frenchmen with their hands up  
AMD Launches AMD Embedded R-Series APU Platform  
Fed Should not Ignore Emerging Market Crisis  
Fed casts shadow over India, emerging markets  
Why are Chinese tourists so rude? A few insights