This is WEEKEND EDITION, from NPR News. I'm Scott Simon. Turns out that Superstorm Sandy didn't do as much damage as many expected, to the nation's unemployment predicament. At least, that's what the government's monthly data on the jobs market told us yesterday. As NPR's John Ydstie reports, analysts and businesses are already looking past that report, to the dangers to jobs posed by the fiscal cliff.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
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The nation's unemployment rate fell to 7.7 percent in November, that's the lowest it's been in four years. The Labor Department's latest jobs report released this morning showed employers added more jobs than expected.
But as NPR's Jim Zarroli reports, economists warn these new numbers aren't what they appear to be.
Originally published on Fri November 2, 2012 8:09 am
By Lam Thuy Vo
Credit Lam Thuy Vo / NPR
Note: This post was updated to reflect the October jobs report, which was released this morning.
The U.S. added 171,000 jobs in October, according to this morning's big jobs report. That's a solid gain. Job gains for the previous few months were also larger than initial estimates suggested. But the U.S. labor market is still digging out of a deep hole.