U.S. economy adds 146,000 jobs; unemployment rate falls to 7.7 percent

By Christopher S. Rugaber, Associated Press

Friday, Dec. 7, 2012 | 12:01 p.m.

WASHINGTON — The pace of U.S. hiring remained steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff." Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent — the lowest in nearly four years — from 7.9 percent in October. The rate declined mainly because more people stopped looking for work and weren't counted as unemployed. The government said Superstorm Sandy had only a minimal effect on the figures. The Labor Department's report Friday was a mixed one. But on balance, it suggested that the job market ...

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