Jobless Rate At 5-Year Low; Unemployment Down To 7%

The job picture improved in November to a greater degree than anticipated.

The dollar gained after a report showed the economy added more jobs last month than forecast and the jobless rate fell to a five-year low, boosting speculation the Federal Reserve will reduce monetary stimulus next month.

The greenback rallied against the yen as the Labor Department reported payrolls increased by 203,000 in November, versus the median forecast in a Bloomberg News survey for a 185,000 advance. The October jobs gain was revised up to 200,000 and the November unemployment rate fell to 7 percent from 7.3 percent

By: Alan

Alan Colmes is the publisher of Liberaland.