Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Unemployment Fell in November, Hitting Lowest Level in Two and a Half Years Unemployment Fell in November, Hitting Lowest Level in Two and a ... Unemployment Fell in November, Hitting Lowest Level in Two and a Half ... Unemployment Fell in Nove...

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Economy / Economy

Unemployment Fell in November, Hitting Lowest Level in Two and a Half Years

The unemployment rate dropped to 8.6 percent in November, the lowest level since March 2009, the Labor Department reported on Friday.

The economy added 120,000 new jobs in November, in line with economists’ expectations of an increase of 122,000, according to Reuters. That’s just shy of the 125,000 most economists say the labor market needs to gain to keep the unemployment rate steady. Bringing the rate down a percentage point over a year would take closer to 200,000 new jobs each month.

The Labor Department revised upward the number of jobs added in September and October to 210,000 and 100,000, respectively. The October unemployment rate was 9.0 percent. 

 

Futures were up after the jobs number was released.

Get us in your feed.
 
Comments
comments powered by Disqus