The drop in unemployment to 7.0% from 7.3%, largely reflects the return of federal workers after the end of the government shutdown in October, but the number of people looking for a job also increased. The jobless rate is now at the lowest level since November 2008, according to Labor Department data.
The manufacturing and construction sectors showed improvement in November. Manufacturers added 27,000 jobs — the largest increase since March.
The Dow Jones Industrial Average gained more than 175 points this morning.