Jobless Rate Drops To 7.7 Percent; Economy Adds 146,000 Jobs

WASHINGTON (December 7, 2012)—Superstorm Sandy played only a minimal role in November, as the economy added 146,000 jobs and the unemployment rate fell to 7.7 percent, the government said Friday.

Hiring remained steady during the storm.

Still, there were signs that the storm disrupted economic activity.

Construction employment dropped 20,000 and weather prevented 369,000 people from getting to work, although they were still counted as employed.

The government also said fewer jobs were added in the previous two months than it had estimated earlier.

The unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren't counted as unemployed.

Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 182545781 -
Gray Television, Inc.