Jobless rate falls, but fewer jobs added

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Good news or bad news on the jobs front, depending on your perspective.

The U.S. added 146,000 jobs in November, more than the 93,000 expected, and the jobless rate fell to  7.7 percent,  its lowest mark since December of 2008, the government said Friday.

But the Labor Department also said 49,000 fewer jobs were added in October and September than had been initially estimated.

The jobless rate fell to 7.7 percent in November from 7.9 percent in October mainly because some people weren’t counted as unemployed because they stopped looking for work.

3 comments Add your comment

Ronald Reagan

December 7th, 2012
10:30 am

It’ll be 20+% by ‘15 . Vote Jeb Bush in ‘16

Susan

December 7th, 2012
12:05 pm

A Republican will not be elected for President in this country for a very long time. They are out of touch with reality.

The unemployment rate will not be 20% by 2015. “Ronald Regan” you are obviously one of those people that are out of touch with reality.

It’s great the unemployment rate dropped. It will get much lower as time goes by.

stupid

December 7th, 2012
1:48 pm

Yep, a half a million people gave up looking for work, so of course, the jobless rate falls.

proof for you blind dummycrats.

http://finance.yahoo.com/blogs/the-exchange/unemployment-rate-falls-more-adults-discouraged-quit-looking-165711644.html