NEW YORK — After years of frustrating fits and starts after the financial crisis and the Great Recession, the US job market finally appears to be on a path of steady but sustainable improvement. The unemployment rate in November fell to its lowest level since the end of 2008.
Employers have hired at least 200,000 workers in three of the last four months, including 203,000 in November. By contrast, as recently as July, when the economy seemed stuck in yet another summer doldrums, only 89,000 new jobs were created.
At 7 percent, the unemployment rate last month also is the best reading since President Obama took office, one bright spot for a White House beleaguered on many other fronts. Full story for BostonGlobe.com subscribers.