Unemployment rate for November fell unexpectedly to 10 percent and the economy lost only 11,000 jobs,the fewest since the recession started in December 2007.Unemployment data showed that the rate fell from 10.2 percent in October to 10 percent in November.

US stock market initially jumped on the employment report, but lost most of the gains as dollar strengthened.Dow Jones Industrial Average up as much as 150 points higher but later pared all its gains to close up 22.75 points, or 0.2%, to 10388.9.

Rebound in U.S. dollar weighed on commodities prices.Crude oil for January delivery was down 99 cents,down 1.3 percent, to end at $75.47 a barrel on the New York Mercantile Exchange.