*(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.

Recent Posts

EURweb is giving one lucky winner an iPad mini! Simply hit any or all of the action items below to enter. in Polls & Giveaways on LockerDome