follow us:Google+FacebookLinkedInTwitterVimeoRSS Feeds

advertisement

Despite Hurricane Sandy, jobs report shows major growth

Source: Forbes.com

- Last modified: December 7, 2012 at 9:19 AM

Back to Top Comments Email Print

Growth in the nation's labor market far exceeded forecasts last month, a signal that businesses are proving resilient through the disruption caused by Superstorm Sandy, the monster hurricane that punished the East Coast and disrupted that key artery of the economy, and the uncertain political situation. The unemployment rate, meanwhile, fell to 7.7 percent.

The U.S. added 146,000 new jobs last month, new Labor Department data shows. Government economists say the hurricane didn't impede November's tally. Last month's figure fits with the labor market's performance this year. The country had averaged a monthly gain of 151,000 this year. In the past three months, that figure was closer to 170,000.

Continue reading.

advertisement
ERROR: Couldn't open file \\sxatl.loc\sx1\SX1\Web\JP\templates\macros\getOamsAd.pbo
Error message returned was: ERROR: Couldn't open template \\sxatl.loc\sx1\SX1\Web\JP\templates\macros\getOamsAd.pbo

Number of attempts were 1.

Error message returned was: Stream read error

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
  
  
advertisement
  
  
advertisement
Back to Top