December 7, 2012
November Employment Data
The Department of Labor released its November employment data today. The unemployment rate dropped to 7.7% (from 7.9%), with 146,000 jobs added. However, some of the drop in unemploymetn appears to be because of people not looking for work. The previous two months' gains were revised downward by 49,000 jobs. Basically, we remain in a slow and steady improvement.
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