In November, the United States generated 321,000 new jobs, the largest employment increase of the year. Although it was a huge jump in growth, the unemployment rate remained the same — stagnating at 5.8 percent, which is still the lowest we’ve seen since September, 2008. Over the past year, the unemployment rate has declined by 1.2 percentage points and the unemployed persons by 1.7 million.
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As we round out the year, job growth is remaining steady, improving upon the third quarter’s success. Revised numbers were released, showing that both September and October experienced combined growth of 44,000 more than previously reported. The September payroll number was revised from +256,000 to +271,000 and the October numbers were revised from +214,000 to +243,000.
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