The U.S. unemployment rate fell sharply in November, to 8.6% -- its lowest level since March 2009.
All told, employers added 120,000 jobs in the month, compared with 100,000 in October, the U.S. Labor Department reported Friday.
Despite the improvement, the American labor market still has a long way to go to recover from the financial crisis and recession. Fewer than a third of all the 8.8 million jobs shed in the economic downturn have since been recovered.
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