There was never a return to a recession the entire time during President Obama's first four years. Let's see what the Republicans can do to change all that now.
WASHINGTON -- The nation's unemployment rate fell (click here) to a four-year low of 7.7% in November as employers added an unexpectedly large but still moderate 146,000 jobs over the month, despite the disruptions caused by Hurricane Sandy.
Although the severe storms in the Northeast in late October clipped economic activity and kept many workers at home, they had no major effect on the monthly employment statistics, the Labor Department said Friday.
Many analysts had forecast unemployment to rise to 8% with job growth of less than 100,000 for November.
The better-than-expected job gains came in part from unusually strong hiring by retailers, possibly reflecting the early start of the holiday shopping season this year.
Although the severe storms in the Northeast in late October clipped economic activity and kept many workers at home, they had no major effect on the monthly employment statistics, the Labor Department said Friday.
Many analysts had forecast unemployment to rise to 8% with job growth of less than 100,000 for November.
The better-than-expected job gains came in part from unusually strong hiring by retailers, possibly reflecting the early start of the holiday shopping season this year....
