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Unemployment Rate Ticks Down to 7%
Posted at 9:15 a.m. on Dec. 6, 2013
The U.S. economy added 203,000 jobs in November, beating expectations of about 180,000 jobs, the Wall Street Journal reports.
The unemployment rate fell to 7.0%, the lowest in five years.
New York Times: “While the return of hundreds of thousands of federal employees following October’s government shutdown may have exaggerated the move in the unemployment rate for November, the continuing payroll gains suggest the economy has picked up at least a modicum of momentum very recently.”
First Read: “Despite all the political problems Obama has faced over the last month and a half, here’s something that might not be getting enough attention: The economy appears to be a lot stronger than many think.”