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Good U.S. Jobs Report Comes With an Asterisk

Job seekers wait to speak to recruiters during a job fair in San Jose, Calif.
Job seekers wait to speak to recruiters during a job fair in San Jose, Calif.Photograph by David Paul Morris/Bloomberg

The economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, its lowest level since December 2008, the government said today in a report that was complicated by special factors of weather and politics.

Paul Ashworth, chief U.S. economist for Capital Economics, described the report as “something of a mixed bag” but said “on balance, it’s positive.”