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US Added 146,000 jobs in November & Unemployment fell to 7.7%

December 7, 2012

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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From → Human Resources

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