ECONOMY ADDS 146,000 JOBS IN NOVEMBER, UNEMPLOYMENT TO 7.7 PERCENT

Ken O’Brien

The American economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, according to the latest data from the Bureau of Labor Statistics.

Analysts had expected 85,000 jobs to be created. The 7.7 percent unemployment rate is the lowest it has been since December 2008.

Unemployment drops to 8.1%

THE EMPLOYMENT SITUATION -- AUGUST 2012

Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.

U.S. Private-Sector Employment Increased By 201,000 Jobs in August, According to ADP National Employment Report

ADP Press Release

ROSELAND, N.J. – September 6, 2012 – Private-sector employment increased by 201,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report^® released today. The ADP National Employment Report, created byAutomatic Data Processing, Inc. (ADP^®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain from June to July was revised up from the initial estimate of 163,000 to 173,000.