39,000 jobs were added to the economy in November - the worst number since September, government says.
That marks a major slowdown from October, when the economy added an upwardly revised 172,000 jobs. Unemployment rose in November to 9.8% from 9.6% and stock futures turned lower.
The numbers are a huge disappointment, considering economists surveyed by CNNMoney.com expect a similar gain for November - they're predicting 150,000 jobs were added to payrolls during the month. Bernard Baumohl, chief economist of the Economic Outlook Group,was more bullish, having predicted another 235,000 added in November.
"There's a general realization among businesses that the economic recovery is real, and that since so many of them have cut so sharply, there is now a rush to hire the most skilled workers at this point," Baumohl said before the report came out.