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IRVINE, CA-The Bureau of Labor Statistics has released its November Employment Situation, which hints at an accelerating economy with data showing the lowest jobless rate in five years, according to Auction.com‘s senior economist Chris Muoio. Muoio says the BLS reported that 203,000 jobs were added, and last month’s strong gain was barely revised, now measuring 200,000 added.

“Coupled with accelerating GDP and other solid metrics, the evidence is mounting for a self-sustaining economic recovery,” says Muoio. “Further improving the tenor of this report is the fall in unemployment from 7.3% last month to 7% this month.”

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