US job cuts at a record low in November

According to figures from the US labour department, US would have cut the fewest job in November (11.000) signaling a sharp recovery from previous months and repositionning the unemployment rate at 10%.

The production sector is still loosing jobs: 61.000 cuts overall, including 41.000 in Manufacturing and 27.000 in construction.

The services sector displays a green light, with 58.000 jobs created: jobs in professional and business services are rising sharply (+86.000), as well as in Education and Health services (+40.000), while still slightly negative in retail trade (-15.000).

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