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The Boston Globe

Business

US jobless rate drops to 7.7%

WASHINGTON (AP) — US hiring gains held steady in November despite disruptions from Superstorm Sandy and employers’ concerns about impending tax increases from the year-end ‘‘fiscal cliff.’’

Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent — the lowest in nearly four years — from 7.9 percent in October. The rate declined mainly because more people stopped looking for work and weren’t counted as unemployed.

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