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Why Did November's Job Report Disappoint?

Strong October hiring in retail may have pulled forward some job growth, say Morningstar's Bob Johnson and Vishnu Lekraj, but even more growth is needed to move the unemployment rate.

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Jason Stipp: I'm Jason Stipp for Morningstar.

Friday's job report revealed a disappointing gain of only 39,000 jobs in November. This is far fewer than a lot of folks were expecting, and the unemployment rate ticked up to 9.8%.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.