US Added 146,000 jobs in November & Unemployment fell to 7.7%
The jobs growth number was better than expected and the jobless rate was the lowest since December 2008.
Many expected a lower number of jobs because of hurricane Sandy which crippled the NE last month.
The Labor Department revised its job growth figures downward for October and September .
But November’s net growth in payrolls was below the average of 170,000 new jobs added monthly over the course of August, September and October.
Manufacturing jobs fell by 7,000. Economists speculate that causes include lower demand for goods from overseas while US companies await resolution of the fiscal cliff.
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