Unemployment Drops To 8.6 Percent; 120,000 Jobs Added
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Mark Memmott
Friday, December 2, 2011 at 8:34 AM
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The highly anticipated news brought a surprise: The unemployment rate had been expected to stay at 9 percent.

   
A job fair in San Francisco last month.
A job fair in San Francisco last month.
Justin Sullivan | Getty Images

The nation's unemployment rate fell to 8.6 percent in November from 9 percent the month before as payrolls went up by 120,000 jobs, the Bureau of Labor Statistics just reported.

We'll update this post with more from the report momentarily.

Before the report's release, NPR's Yuki Noguchi looked at how the news this year about unemployment and job growth had been remarkably consistent — and not particularly good.

Our friends at Planet Money are planning to pick the report apart. [Copyright 2011 National Public Radio]



This article is filed in: News, Home Page Top Stories

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