U.S. labor force gains 5,000 but jobless rate hits lowest level in four years

CALIFORNIA — The number of Americans who are jobless in the United States has been falling for four years.

The unemployment rate is down to 4.7%, down from 4.9% in October, according to a report from the Bureau of Labor Statistics.

The jobless number fell below 4% for the first time in four months.

It was the lowest level since September 2011, when there was a 4.8% rate.

The drop was a result of an unusually cold winter, with no snow in the winter of 2011-2012.

The report said the number of people who are out of the labor force for more than six months fell by 1.4 million last month, or about one-third of the total.

The number who are actively looking for work dropped by 876,000.

The monthly rate of unemployment in the U.K. is 6.1%, down 0.2 percentage points from October, and down 0,5 percentage points since September.

The national rate was 6.4% in September, and has been dropping since.

“The overall rate of joblessness fell to 4% in the third quarter from 5.9 percent in the fourth quarter.

Jobless rates for adults aged 16-64 declined by 0.4 percentage points to 4%.

Jobless rate for people aged 65 and older fell by 0,8% to 5.8%, a rate that is lower than it was in September 2012,” said David Autor, the chief economist at Bank of America Merrill Lynch.

Autor also said the labor market is in “the best position to absorb a significant decline in unemployment” since 2009.

He added that the economy has “shown strong resilience” as the winter weather has cooled off and the economy is in the process of rebuilding.

He said the U,S.

economy added 538,000 jobs in October.

But the unemployment rate dropped to 4%, down less than a percentage point from a year ago.

Read more from CBS News:


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