New Labor Department statistics on Friday reported that the U.S. had added 120,000 jobs in November, and that the nation’s jobless rate had dipped to 8.6%, from 9%.
The data presents an optimistic picture for the economy. The numbers show lowest jobless rate since March 2009, and came in the face of 14 million unemployed Americans, continued political fighting over proposed stimulus measures, and a shaky economic situation in the euro zone.
More so, the numbers come as politicians gear up for the 2012 elections.
Weigh in: How do you think the new jobs report will impact President Barack Obama’s chances for reelection?