Good U.S. Job and Economic News Greets the Holidays
Job numbers released today show some 203,000 positions added in November, about 20,000 more than some analysts predicted. The hiring spanned a broad spectrum of industries, prompting cautious optimism that the recession is receding in the review mirror. Meanwhile, consumer spending rose in October. Caution always tempers the good news, though — personal savings are down, and there are still many Americans who aren’t counted in employment stats because they’ve just stopped looking.