Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum.
The gains reflected in the report — 120,000 net new jobs — was also bolstered by revisions to the employment counts for September and October to show 72,000 more jobs created than previously reported.
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Unfortunately many people have given up looking for work, which makes this number not as strong as it may seem, but the economy is continuing to pick up and jobs are available in many sectors and cities. – G.