Unemployment Falls to 8.6 Percent; Economy Adds 120,000 Jobs

December 2, 2011

Unemployment dropped to 8.6 percent in November, its lowest level in nearly three years.

The steep drop — the jobless rate was 9 percent a month ago — is good news for Democrats and President Obama, who is counting on a recovering economy to help him win a second term. 

The nation's economy added 120,000 jobs in November, with the private sector adding 140,000. In another sign of a recovering market, September numbers were revised upward to 210,000 from 158,000, while October figures were revised from 80,000 to 100,000 gained. 

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