RSS
U.S. adds 146,000 jobs, unemployment falls to 7.7%
Job seekers at a California employment fair in June 2011: President Obama's 2009 economic stimulus created or saved up to 3.6 million jobs, according to the White House.
Job seekers at a California employment fair in June 2011: President Obama's 2009 economic stimulus created or saved up to 3.6 million jobs, according to the White House.
Justin Sullivan/Getty Images
T

he Labor Department reported Friday that the U.S. economy added a better-than-expected 146,000 jobs in November and lowered the unemployment rate to 7.7 percent. Economists had been expecting an increase of about 80,000 jobs and the jobless rate to stay steady at 7.9 percent, due in part to disruptions from Hurricane Sandy. At the same time, the Labor Department revised the October and September numbers downward. The drop in the jobless rate was attributed mainly to 350,000 people dropping out of the labor force.

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week