More people gave up looking for work and aren't counted as unemployed, so no. These November figures will also probably be "revised" down the road. From the Associated Press: "The U.S. economy added 146,000 jobs in
November and the unemployment rate fell to 7.7 percent, the lowest since
December 2008. The government said Superstorm Sandy had only a minimal
effect on the figures. The Labor Department’s report on Friday offered a mixed picture for the economy. Hiring remained steady during the storm
and in the face of looming tax increases. But the government said
employers added 49,000 fewer jobs in October and September than
initially estimated. And the unemployment rate fell to a
four-year low in November from 7.9 percent in October mostly because
more people stopped looking for work and weren’t counted as unemployed. Black unemployment also fell, from 14.3 to 13.2 percent and African-American joblessness fell from 40.5 to 39.4 percent."
U.S. Labor Department: "Unemployment Falls To 4-Year Low"
