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WASHINGTON (CNNMoney) -- Hiring accelerated in November, and the unemployment rate unexpectedly plummeted.
Employers added 120,000 jobs in November, the Labor Department reported Friday, marking a pick-up in hiring from October.
Meanwhile, the unemployment rate fell to 8.6%, due to a combination of more people getting jobs, as well others giving up on their job search altogether.
Economists surveyed by CNNMoney had expected an additional 110,000 jobs in the month, and the unemployment rate to remain unchanged.
More at http://money.cnn.com/2011/12/02/news....htm?hpt=hp_t1
Employers added 120,000 jobs in November, the Labor Department reported Friday, marking a pick-up in hiring from October.
Meanwhile, the unemployment rate fell to 8.6%, due to a combination of more people getting jobs, as well others giving up on their job search altogether.
Economists surveyed by CNNMoney had expected an additional 110,000 jobs in the month, and the unemployment rate to remain unchanged.
More at http://money.cnn.com/2011/12/02/news....htm?hpt=hp_t1
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