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U.S. Unemployment Rate Falls to 8.6%

On Dec. 2, the Labor Department announced an unexpectedly sharp decline in the November unemployment rate, to 8.6% from 9% in October, raising hopes of an accelerated recovery for the sagging economy. Economists view the latest jobs report as largely positive, consistent with indications that the broader economy is picking up steam, albeit slowly and unevenly. But they cautioned against reading too much into the big drop in the jobless rate, given that it reflected a contraction in the labor force as much as job gains. Click here to read more.
 
 



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