THE MEDIA SPOTLITE|| MSNBC||Unemployment rate unexpetedly drops to 10%

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MSNBC.com

The Labor Department said the economy shed 11,000 jobs last month, the smallest monthly loss since December 2007. That's much better than the 130,000 losses Wall Street economists expected and also an improvement from the 111,000 cuts in October.

The unemployment rate fell to 10 percent from 10.2 percent in October, a 26-year high. Economists had expected the rate to remain unchanged.

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