Dec 6, 2013 11:13 PM by Monica Gouty
WASHINGTON (AP) - The U.S. job market is proving sturdier than many thought.
The government reports that solid job growth in November cut the U.S. unemployment rate to 7 percent, a five-year low. The Labor Department says employers added 203,000 jobs last month after adding 200,000 in October.
The economy has now added a four-month average of 204,000 jobs from August through November, up from 159,000 a month from April through July.
Many of the November job gains were in higher-paying industries. Manufacturers added 27,000 positions, the most since March 2012. Construction firms gained 17,000.