Unemployment Hits Five-Year Low

Via the New York Times:

The jobs picture brightened in November as hiring in the United States was stronger than expected and the unemployment rate fell to a five-year low, data that increases the likelihood that the Federal Reserve will begin easing its stimulus efforts sooner, rather than later. In November, the jobless rate dropped to 7 percent. Economists surveyed by Bloomberg before the Labor Department announcement had expected an increase of 185,000 jobs, with the unemployment rate falling by 0.1 percentage point to 7.2 percent. Payrolls are tracked using data gathered from employers, while the unemployment rate is based on a separately survey of households.