LOCAL 8 WEATHER ALERT: Strong to severe storms are possible Tuesday afternoon and evening, especially on the Plateau. The main threats are damaging winds, heavy downpours, and frequent lightning.
WASHINGTON (AP) -- The Labor Department is reporting better than expected unemployment numbers for November.
It says employers added a solid 94,000 jobs to their payrolls last month and the unemployment rate held steady for the third straight month at 4.7 percent. At the same time, wages grew briskly.
The performance was better than economists were expecting. They were forecasting that the unemployment rate would rise a nudge to 4.8 percent, with employers boosting payrolls by around 70,000.
The health of the nation's job market is a key factor determining whether the economy will survive stresses from the housing collapse and credit crunch. Job and wage growth have served as shock absorbers for the economy, supporting consumer spending, which is a major shaper of overall economic activity.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.