Unemployment Rate Drops To 9-Year Low Under Obama Administration
The Obama administration has hit another milestone with less than two months left in office.
According to the Bureau of Labor Statistics, the U.S. economy added 178,000 jobs as the unemployment rate dropped from 4.9 percent to 4.6 percent in November, the lowest since August 2007.
The 9-year low, which came as a surprise to analysts who predicted the unemployment rate would remain unchanged last month, puts the economy on the edge of full employment which is reason for many Americans to celebrate.
— The White House (@WhiteHouse) December 2, 2016
Read the full jobs report here.