Unemployment drops sharply to 8.6% in NovemberPosted by RJ and Makay on Dec 02, 2011 |
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The U.S. unemployment rate fell in November to its lowest level in more than two and a half years as private employers stepped up hiring in the slowly improving economy. Non-farm payrolls rose by 120,000, with private companies adding 140,000 jobs while federal, state, and local governments lost 20,000 jobs, according to the Labor Department.
