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Unemployment Rate Drops to 7.7 Percent

SonofaVet Wrote: Dec 07, 2012 5:24 PM
Smoke and mirrors... smoke and mirrors. They're going to need a much bigger smoke screen when the cliff eats all the previously employed workers.

New numbers from the Bureau of Labor Statistics show the unemployment rate has dropped from 7.9 percent to 7.7 percent.

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and healthcare.

Economists had predicted the unemployment rate would go up as a result of Hurricane Sandy. BLS said the storm didn't have a large impact on the new statistics.

Hurricane Sandy made landfall on the Northeast coast...