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November jobs report: Hiring up, unemployment down

posted Dec 2, 2011, 8:57 AM by Librarian Carl
Hiring accelerated in November, and the unemployment rate unexpectedly plummeted to its lowest rate in nearly three years. 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%, the lowest rate since March 2009 and a significant decline from 9% just a month before.