In obamas second (and obviously last term) the U.S. unemployment rate fell to a 5-year low of 7 percent. November was the fourth straight month of solid hiring, this glimpse of hope shines bright for our economy.
The Labor Department estimated that employers across the nation added about 203,000 jobs, nearly matching October's revised gain of 200,000. The jobs gained dramatically helped lower the unemployment rate from 7.3 percent in October to the flat 7 percent rate it's is recorded at today with hope of lowering even further.
The rejuvenating job market is likely to create speculation that the Federal Reserve may start to revise their bond purchases in their next scheduled meeting.
The economy has now generated an average of 204,000 jobs from August through November. In contrast to the average of 159,000 from April to July.
An extremely surprising fact is that many of the November jobs acquired were in higher-paying industries. Manufacturers are reported to have added around 27,000 positions, (the most since March 2012), while, construction firms gained about 17,000.
In a year containing horrific murders, suicides, immense poverty, and an generic struggle embedded within the common American's life this serves as an empowering symbol that gives just enough strength into our economy's pale, weak hands to hold us together a little longer for a bigger and better change. The change Obama 1st campaign consisted of, but until then those trapped in fates cruel side must hang on with the this new glimpse of hope.
http://www.foxnews.com/us/2013/12/06/us-unemployment-rate-falls-to-5-year-low-7-percent-as-employers-add-203000-jobs/
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