By JOHN KLEIN and MICHELLE JOHNSONWASHINGTON, D.C. — The U.N. unemployment agency reported Thursday that the unemployment rate fell to 7.4% from 7.6% in November.
The unemployment rate for October was the lowest since April 2014.
The last time the rate was below 7% was February 2013.
In its most recent report, the agency said the labor force participation rate rose to 62.3% from 61.9% in October, and that employment in the civilian labor force increased by 4.2 million jobs in October.
The unemployment rate was unchanged in November from the previous month.
The labor force, which includes people who want to work but are looking for work and discouraged workers, increased by 2.7 million jobs last month.
The report was released just days after President Donald Trump announced his plan to expand U.K. trade to boost U.L.G. growth, a major pillar of his economic agenda.
The U.k. economy expanded by 0.2% in the third quarter of the year, the slowest pace since April.
The Bank of England’s latest forecast was for growth of 1.1%.
The unemployment and labor force data were taken from the U.
Ns Employment Services Survey.
For more on the unemployment report, read this story on The Associated Press website.