Nationwide unemployment rate at five-year low

Nationwide unemployment rate at five-year low

The U.S. unemployment rate hit a five-year low in November of 7%.

It also fueled speculation that the Federal Reserve will scale back its economic stimulus when it meets later this month.

Employers added 203,000 jobs last month after adding 200,000 in October, the Labor Department said Friday. November's job gain helped lower the unemployment rate from 7.3 percent in October.

Read more at OregonLive.com.