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The national unemployment rate fell to 8.6 percent, with 120,000 new jobs added in November, the U.S. Bureau of Labor Statistics reported today. “The number of unemployed persons, at 13.3 million, was down by 594,000,” Bureau analysts wrote.
David Espo of the Association Press says that the part of President Obama’s jobs bill that includes another extension of federal unemployment benefits is likely to pass the U.S. House while other parts will be shot down.
On-shore oil drilling in the United States is at its highest level since the Reagan administration in 1987, according to the Baker Hughes Rig Count – an industry tracking service. That same national boom is also occurring in Colorado, according to state officials, who point to a flurry of new drilling permits and active wells in Weld County.
The Dept. of Labor’s report on new unemployment claims this week put the number at 404,000. This is a decrease of only 1,000 from last week’s revised figure. The four-week average now stands at 408,000, a decrease of 7,000 from last week.