Unemployment in the U.S. dipped to 7 percent in November, the lowest rate since 2008.And employers added 203,000 jobs.But the number of people actively looking for work remained near a 35-year low.Paul Solman explores the data and the debate over long-term jobless benefits right after this news summary.The jobs numbers touched off a rally on Wall Street.The Dow Jones industrial average gained more than 198 points to close at 16,020, breaking a five-day losing streak.The Nasdaq rose 29 points to close at 4,062.For the week, the Dow lost just under 0.5 percent; the Nasdaq rose 0.1 percent.Snow and freezing rain fell from Texas up to Indiana today, posing an icy threat across the central U.S.Roads in North Texas and Arkansas starting icing over late last night and continued today.And some parts of the Midwest were forecast to get several inches of snow.American Airlines, whose major hub is in Dallas, canceled 1,000 flights by this morning.Britain and Northern Europe spent a second day coping with flooding and other damage from a powerful storm.It triggered the biggest tidal surge in 60 years on the eastern English coast.The surge pulled cliff-top homes into the North Sea, and caused severe flooding in many coastal communities.
