U.S. Unemployment Rates Drop to 7 Percent for the Month of November

By: 23 Newsroom
By: 23 Newsroom

WASHINGTON (AP) -- For the Fourth straight month the U.S. unemployment rate has dropped to 7 percent in November. This is the lowest it has been in five years.

The Labor Department says employers added 203,000 jobs, nearly matching October's revised gain of 200,000.

The economy has now generated an average of 204,000 jobs from August through November. That's up from 159,000 in the months of April through July.

Many of the November job gains were in higher-paying industries. Manufacturers added 27,000 positions, the most since March 2012. Construction firms gained 17,000.


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