A surprisingly robust gain in new jobs last month helped drop the unemployment rate to a five-year low, fueling optimism about the nation’s economic recovery and raising the prospect that the government may finally start to ease a key stimulus effort this month.
In its report Friday, the Labor Department said that the nation’s employers added 203,000 non-farm jobs in November and that a large part of them were higher-paying positions. The unemployment rate fell to 7%, the lowest since November 2008.
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