Unemployment Rate Drops to 7.7 Percent

The economy added 146,000 jobs last month, but it's hard to call the jobs report entirely encouraging.


A shopper picks through water-damaged shoes at Sneaker Town in Coney Island as the store clears out its inventory damaged by Superstorm Sandy.

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  • Danielle Kurtzleben is a business and economics reporter for U.S. News & World Report. You can follow her on Twitter or reach her at dkurtzleben@usnews.com.