NBCNEWS.COM - The U.S. economy generated a stronger-than-expected 146,000 jobs in November,
helping to trim the jobless rate to 7.7 percent, a four year low, the government
The dark cloud in the Labor Department's report, however, was a drop in the
size of the work force, which signaled that some people may have given up
looking for work.
Still, despite a late October wallop from Superstorm Sandy and Washington's
ongoing pummeling of business and consumer confidence, the U.S. economy isn't
down for the count.
The fiscal cliff, though, could still deliver a knockout punch.
"It looks like the job market is holding firm," said Mark Zandi, chief
economist at Moody's Analytics. "That's encouraging in light of all the fiscal
Economists had expected non-farm payrolls to rise about 93,000 and the
jobless rate to hold steady at 7.9 percent. Friday's report included revisions
to both the September and October data showing that 49,000 fewer jobs were
created than first reported.
President Barack Obama's chief economist gave an upbeat assessment of the
report, but warned that more needs to be done, as he has done for several
"While more work remains to be done, today's employment report provides
further evidence that the U.S. economy is continuing to heal from the wounds
inflicted by the worst downturn since the Great Depression," said Alan Krueger,
chairman of the White House Council of Economic Advisers.
The government said Superstorm Sandy which slammed the densely populated East
Coast in late October did not have a substantive effect on employment last
Wednesday, December 11 2013 9:36 AM EST2013-12-11 14:36:12 GMT
SPOKANE, Wash. - For anyone whose parents have moved into their home or for those looking to possibly rent out part of their home, houses with in-law type set ups are ideal. >>
SPOKANE, Wash. - For anyone whose parents have moved into their home or for those looking to possibly rent out part of their home, houses with in-law type set ups are ideal. It's a great way to give yourself and the person living in your home separate space and it helps to keep the sanity. >>
Thursday, December 12 2013 1:55 AM EST2013-12-12 06:55:36 GMT
SPOKANE, Wash. - It was a cold winter night in Riverfront Park on Wednesday as a group of kids boarded a train. >>
SPOKANE, Wash. - It was a cold winter night in Riverfront Park on Wednesday as a group of kids boarded a train. But this wasn't just any train, it is the first annual North Pole Express on its way to see Santa Claus. The idea came from the Spokane Parks Department and for the very first trip they invited some very special kids and their parents.>>
Thursday, December 12 2013 3:01 AM EST2013-12-12 08:01:35 GMT
SPOKANE, Wash. - Emergency crews on the south hill were called to a car crash late Wednesday night. >>
SPOKANE, Wash. - Emergency crews on the south hill were called to a car crash late Wednesday night. Police say around 11:00pm a man was driving his SUV westbound on 37th when he went through the stop sign at Perry, hit a brick landscaping wall, and flipped his SUV. When firefighters arrived they had to cut the roof off of the SUV to get the man out. We are told he suffered only minor injuries.>>