The unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work
(Becket Adams) U.S. employers added 146,000 jobs in November, decreasing the unemployment rate from 7.9 percent to 7.7 percent.
The Labor Department on Thursday said Supertorm Sandy did not significantly affect the numbers, contrary to what many had expected.
But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.
Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. Obviously, this is not enough to help combat chronic unemployment.
Read more: The Blaze
