203K Jobs Added In November; U.S. Unemployment At 7 Percent
There were 203,000 jobs added to payrolls in November, about 1,000 less than in the previous month. The unemployment rate now stands at 7 percent, the Bureau of Labor Statistics reported Friday, coming down from 7.3 percent in the previous month.
"Employment increased in transportation and warehousing, health care, and manufacturing," the Department of Labor says.
The results beat economists' estimates — a CNN Money survey had predicted 183,000 jobs had been added. Analysts also expected an unemployment rate of 7.2 percent.
A decrease in the number of people who said they were temporarily laid off fell by 377,000 — an effect of the end of furloughs sparked by a partial government shutdown.