U.S. unemployment rate drops to 7%, lowest since 2008

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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.

Learn more here http://www.latimes.com/business/la-fi-jobs-20131207,0,5416221.story#axzz2mpj2ZDW7

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“U.S. unemployment rate drops to 7%, lowest since 2008”