UNEMPLOYMENT RATE DOWN to 7.7% from 7.9%!! Best number since December 2008

The Labor Department reports nonfarm payrolls rose by 146,000 in November from October, significantly more than the 93,000 expected. The unemployment rate fell to 7.7% from 7.9% the month prior to its lowest level since December 2008. Economists were expecting the unemployment rate to remain at 7.9%.