NEW YORK ( TheStreet) -- Friday, forecasters expect the U.S. Labor Department to report the economy added 80,000 jobs in November, substantially less than the 171,000 added the prior month.Factors contributing to a slowdown in jobs creation include temporary displacements caused by Hurricane Sandy and business worries that President Obama and Congressional Republicans will not reach a compromise to avert the fiscal cliff. However, looming larger has been a slowdown in growth of consumer spending in recent months.
Budget Deal Could Push Unemployment Above 10%
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