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But most of the decline reflects a shrinking labor force rather than new hiring.
Economists cautioned that this bit of seeming good news was the result of a shrinking labor force, rather than the addition of jobs.
Of course, the situation was even worse in 2009 and 2010, when nearly all of the improvement in the jobless rate was from a shrinking labor force.
Many economists initially thought that the shrinking labor force — which drove down November's unemployment rate — was caused primarily by discouraged older workers giving up on the job market.
The policy has been criticized not only by human rights advocates but by economists because it contributes to the aging of China's population and its shrinking labor force.
Rather, it reflects a shrinking labor force, as the long-term unemployed and other jobless workers give up looking for jobs.
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Shrinking labor forces, weaker social security, and other consequences soon follow.
That would follow the trend already established in industrial countries, where the population slowdown has caused concerns about shrinking labor forces and aging populations.
A shrinking labor pool can force employers to raise wages to attract or retain workers, creating inflationary pressures.
And companies are still shrinking their labor force," VG wrote.
Indeed, the shrinking government labor force is another factor worth noting when thinking about the role of government in the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com