1. Unemployment Falls, But Slow Job Growth Mixed With Deficit Reduction Could Make for an Even Slower Recovery
(Matching tags: jobs, unemployment, spending, Fiscal Cliff, retail, job growth, deficits)

The unemployment rate fell to 7.7 percent in November, its lowest level since December of 2008. However, the immediate cause was a drop of 350,000 in the size of the labor market as reported employment ...