Unemployment Rate Drops to Lowest Level in Two-Plus Years

December 2, 2011 Updated Dec 2, 2011 at 11:51 AM EDT

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Unemployment Rate Drops to Lowest Level in Two-Plus Years

December 2, 2011 Updated Dec 2, 2011 at 11:51 AM EDT

According to the New York Times, data released by the U.S. Department of Labor on Friday shows that the nation's unemployment rate fell to 8.6 percent in November -- the lowest mark in more than two years.

The unemployment rate had been between 9 and 9.2 percent from April through October, according to the Labor Department report. Employers added 120,000 jobs during the November, according to the report.

Read the New York Times story HERE.

Read the Labor Department report HERE.