November NFP = 146,000, Unemployment Rate Drops to 7.7%

The November jobs report is out. The economy created 146,000 jobs last month. Wall Street was expecting 85,000. The unemployment rate is down to 7.7% which is the lowest since December 2008.

The BLS added: “Our analysis suggests that Hurricane Sandy did not substantively impact national employment and unemployment estimates for November.”

The private sector created 147,000 jobs last month. The revisions knocked 49,000 jobs off September and October.

Posted by on December 7th, 2012 at 8:32 am

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