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Unemployment Rate Drops to 7.7 Percent

Chicken George Wrote: Dec 07, 2012 3:22 PM
Unemployment Rate Drops to 7.7 Percent 350,000 dropped out, gave up, said the hell with it. Why isn't anyone telling us how much the food stamp or poverty number increased?

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...