Jobless rate in U.S. hits 4-year low, despite Sandy
Gains could spark faster growth if ‘fiscal cliff’ deal struck, experts say.
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,