The U.S. unemployment rate fell last month to its lowest level in more than 2½ years. More of the unemployed either found jobs or gave up looking and were no longer counted as unemployed.
The Labor Department said Friday that the unemployment rate dropped sharply to 8.6 percent, down from 9 percent in October. The rate hasn't been that low since March 2009, during the depths of the recession.
About 13.3 million Americans remain unemployed.
Friday, December 02, 2011
U.S. unemployment hits lowest point in 2½ years
[VIDEO] Here's an AP report on the unemployment rate, the video above is from Crain's looking at the local implications of this news: