US Economy Gains New Jobs; Unemployment at 7-year Low

The U.S. economy exceeded expectations, with employers adding 211,000 jobs in November. Analysts say the solid job numbers are likely to pave the way for an interest rate hike later this month, the first in nearly 10 years. The Federal Reserve has kept interest rates at record lows since the Great Recession to bolster the economic recovery. But even with a jobs recovery in place, businesses say there’s a lot to worry about. Mil Arcega reports.