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December 7, 2012

HR Fact Friday: Jobless rate at 7.7%; 146,000 jobs added

Filed under: Hiring & Jobs11:01 am

Employers added a better-than-expected 146,000 jobs in November, providing further evidence of an economy that continues to show resilience despite Superstorm Sandy and budget battles in Washington.

The unemployment rate fell to a four-year low of 7.7% from 7.9% as 350,000 Americans left the labor force, which includes people working and looking for work, the Labor Department said.

Businesses added 147,000 workers, while state, local and federal governments cut 1,000. Retailers, professional and business services and leisure and hospitality led the job gains.  The Bureau of Labor Statistics said the storm “did not substantively impact” employment in the Northeast.  The government revised down job gains for September and October by a total 49,000. September’s additions were revised from 148,000 to 132,000 and October’s, from 171,000 to 138,000.