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NEW LOW Unemployment Falls to 7 Percent Lucy Nicholson /Reuters

Unemployment Falls to 7 Percent

The U.S. economy added 230,000 jobs in November, slightly higher than analysts had predicted, showing that despite the government shutdown in the fall, the economy is picking up momentum. The new jobs brought the unemployment rate down to 7 percent, a five-year low. The numbers were slightly inflated by the return of furloughed federal employees to work after the shutdown, but the gains go beyond the effects of government payrolls.

December 6, 2013 8:59 AM