Washington, December 05: American employers cut only 11,000 jobs during November, official figures revealed today, the smallest number of redundancies since the US economic recession began at the end of 2007.
Economists, who has been predicting a much more significant decline, said the figures suggested America’s unemployment crisis was finally beginning to ease, providing something of a respite for President Barack Obama, who held a jobs summit yesterday amid criticism that his administration was not doing enough to help people find work.
–Agencies