U.S. job gains defy Sandy and fears of fiscal cliff
Jobless rate at 4-year low
WASHINGTON (AP) – It takes more than a superstorm to derail the U.S. job market.
Employers added 146,000 jobs in November and the unemployment rate dipped to 7.7 percent, a 4-year low, the government said Friday.
Though modest, the job growth was encouraging because it defied disruptions from Superstorm Sandy and employers’ concerns about impending tax increases from the year-end “fiscal cliff.”
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