A new government report shows New Jersey's unemployment rate fell by more than a half a percentage point to 7.8 percent in November as the state added nearly 17,000 jobs and 31,000 people stopped looking for work.
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have begun to accelerate.
Applications for US unemployment benefits dropped 15,000 to a seasonally adjusted 358,000 last week, though the figure was distorted for the second straight week by California's efforts to clear backlogged claims.
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