US Unemployment Rate Falls To 4 Year Low

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    via BBC News

    The US added 146,000 jobs in November, official data shows, as the economy seemingly shrugged off storm Sandy.

    The unexpectedly strong performance brought the unemployment rate down to a four-year low of 7.7% of the workforce.

    The jobs figure was well above most analysts’ expectations and continued a recent surge that began in July.

    Weekly benefits data registered a sharp but short-lived jump in the number claiming unemployment benefits in the states ravaged by the storm last month.

    “Our analysis leads us to conclude that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November,” said John Galvin, acting commissioner at the Bureau of Labour Statistics (BLS), which produced the jobs report.

    The jobs survey data for the individual states – which can be used by analysts to determine what effect, if any, the storm had – will not be released until 21 December.

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    Article courtesy bbc.co.uk

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