Job­less rate in U.S. hits 4-year low, de­spite Sandy

Gains could spark faster growth if ‘fis­cal cliff’ deal struck, ex­perts say.

Austin American-Statesman - - FRONT PAGE - By Christo­pher S. Rugaber Job­less

It takes more than a su­per­storm to de­rail the U.S. job mar­ket.

Em­ploy­ers added 146,000 jobs in Novem­ber and the un­em­ploy­ment rate dipped to 7.7 per­cent, a four-year low, the government said Fri­day.

Though mod­est, the job growth was en­cour­ag­ing be­cause it de­fied dis­rup­tions from Su­per­storm Sandy and em­ploy­ers’ con­cerns about im­pend­ing tax in­creases from the year-end “fis­cal cliff.”

An­a­lysts said the job mar­ket’s un­der­ly­ing strength sug­gests that if the White House and Congress can reach a bud­get deal to avoid the cliff,

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