*(Via The AP) – The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.
Nonfarm payrolls rose by 120,000 last month. Private companies grew by a combined 140,000 jobs, while the public sector — federal, state and local governments — shrank by 20,000 jobs.
The unemployment rate, obtained by a separate survey of U.S. households, fell to 8.6% from 9% in October. The rate is now lower than at any point since March 2009, when it was 8.6% as well.
October’s payrolls figure was revised upward to show a gain of 100,000 from a previously reported 80,000, while September was revised up to a 210,000 gain from 158,000.
Read/learn MORE at The Associated Press.
Want to read more articles like this one? Subscribe to EURnewsletter.
Got A News Tip or Video You Want to Share? Contact us HERE.
- Great Beginnings Hosts: 'It Takes a Village' to Celebrate Healthy Babies, Friday May 27
- THE (05-25-16) EURweb Free-4-All Page
- Report: Tamar's Attitude Towards ('The Real') Producers Did Her in
- Ringside Update / A Triple Boxing Championship Weekend
- Soulja Boy Exaggerated $400M Payday from World Poker Fund
- Skai Jackson On Being Meme Worthy and Beef with Azealia Banks
- Loni Love Addresses Tamar Braxton Firing in New Video (Watch)
- Mariah Carey Re-Ups with Hallmark Channel for 3 More Films
- Oprah Advised Paul McCartney Against Kanye West Duet Over N-Word
- New Leadership at BET's ‘Being Mary Jane’: Will Packer Replaces EP Mara Brock Akil
- Discover More Stories on EURweb: Click Here