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By Jason Stipp | 12-03-2009 11:40 AM

What's at Work in Friday's Employment Report

Recent jobs data hold hopeful signs, but the unemployment rate will creep higher for a while.

Jason Stipp: I'm Jason Stipp from Morningstar. Since the October unemployment rate crept up to 10.2%, we've seen some signs of glimmers of hope in the market for employment since then.

Here with me to talk about what that could mean for tomorrow's government employment report and unemployment data is Morningstar's Bob Johnson--he's associate director of economic analysis--and Vishnu Lekraj--he's an equity analyst covering the employment sector.

Thanks for joining me, guys.

Bob Johnson: Thank you.

Stipp: So first question for you, we have seen some signs of hope, some glimmers of hope, some more positive employment data since we saw the last government employment report. So what have you been looking at and what has that been telling you?

Johnson: Well, we've got actually a lot of pretty good news here. The initial unemployment claims, which is one of my very favorite indicators, has shown some huge improvements.

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