U.S. UNEMPLOYMENT RATE DROPS TO 6.7% IN NOVEMBER

Key Points:

  • The U.S. unemployment rate fell to 6.7% as the economy adds 245,000 jobs in November.
  • Consensus among economists was a 0.1% decline, but in reality the decline was 0.2%.
  • This is the seventh consecutive monthly decline in unemployment.
  • Unemployment rate is now 8% lower than April’s peak.