SUBSCRIBERS
Jobless rate drops to 5-year low of 7%
November new hires higher than forecast, ditto October consumer spending; signs pointing to economy picking up momentum
Add BT as a preferred sourcePublished Fri, Dec 6, 2013 · 10:00 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
EMPLOYERS added more workers than forecast in November and the jobless rate dropped to a five-year low of 7 per cent, showing further progress in the labour market that will help provide a spark for the US economy.
Adding to the sparkle, consumer spending rose more than forecast in October, a sign the biggest part of the economy is gaining momentum from a firming employment.
Share with us your feedback on BT's products and services
