Unemployment Drops to 7.7% for November

The unemployment rate fell to 7.7% for November, according to a Department of Labor report [link opens in PDF] released today. This follows October's 0.1-percentage-point rise to 7.9%.

Despite a 146,000 increase in nonfarm payroll employment, the total number of unemployed persons remained relatively unchanged at 12 million. The 7.7% is a full percentage point under November 2011's rate.

Source: bls.gov

The report takes special note of Superstorm Sandy, saying the storm "did not substantively impact the national employment and unemployment estimates for November."

Among sectors with the largest employment gains were retail trade (+53,000), professional and business services (+43,000), and health care (+20,000).

link

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Report this Comment On December 08, 2012, at 11:41 AM, ETFsRule wrote:

"The 7.7% is a full percentage point under November 2001's rate."
2011's rate
Report this Comment On December 10, 2012, at 9:34 AM, TMFKris wrote:

Thank you, ETFsRule. That typo has been fixed to the correct 2011.
TMFKris -- Kris, Motley Fool assistant news editor.

updated 1 hour ago Sponsored by:
	DOW	15,303.10	8.60	0.06%
	S&P 500	1,649.60	-0.91	-0.06%
	NASD	3,459.14	-0.28	-0.01%

1

Unemployment Drops to 7.7% for November

Comments from our Foolish Readers

Report this Comment On December 08, 2012, at 11:41 AM, ETFsRule wrote:

Report this Comment On December 10, 2012, at 9:34 AM, TMFKris wrote:

Add your comment.

Compare Brokers

Report This Comment

Sending report...

Today's Market

Create My Watchlist

You don't seem to be following any stocks yet!