U.S. Adds 120,000 Jobs in November; Jobless Rate Drops to 8.6%

The Labor Department said Friday that the nation’s employers added 120,000  jobs last month, a modest gain in the face of a backlog of 14 million unemployed workers. But a separate survey found that the unemployment rate fell to 8.6 percent from 9 percent in October. It is the lowest jobless rate since March 2009.

The report found that the pool of available labor contracted, contributing to the decline in the rate.    The report comes amid a Congressional fight over additional stimulus measures to invigorate the economy and the shadow of a European debt crisis that threatens to upend any recovery.

Looking For  A Job Here In Kentucky?

Check Out Our New Job Listings