Payrolls in U.S. Rise 146,000; Jobless Rate at 7.7%
Dec. 7 (Bloomberg) -- Payrolls rose more than anticipated in November and the jobless rate fell to an almost four-year low, indicating superstorm Sandy had little effect on the U.S. labor market.
Employment climbed by 146,000 following a revised 138,000 gain in October that was less than initially estimated, Labor Department figures showed today in Washington. The unemployment rate fell to 7.7 percent, the lowest since December 2008, as the size of the labor force shrank. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)