Friday, December 2, 2011

November jobs report: Hiring up, unemployment down

WASHINGTON (CNNMoney) -- Hiring accelerated in November, and the unemployment rate unexpectedly plummeted.

Employers added 120,000 jobs in November, the Labor Department reported Friday, marking a pick-up in hiring from October.

Meanwhile, the unemployment rate fell to 8.6%, due to a combination of more people getting jobs, as well others giving up on their job search altogether.

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Source: CNNMoney

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