U.S. Jobless Rate

U.S. Jobless Rate Drops to 8.6%, Payrolls Rise

Dec. 2 (Bloomberg) -- The U.S. unemployment rate unexpectedly dropped in November to 8.6 percent, the lowest since March 2009, from 9 percent, Labor Department figures showed today. Payrolls climbed 120,000, with more than half the hiring coming from retailers and temporary help agencies, after a revised 100,000 rise in October that was more than initially estimated. Peter Cook, Dominic Chu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)