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The rate unexpectedly fell to 10 percent, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. The government also said 159,000 fewer jobs were lost in September and October than first reported.

If part-time workers who want full time jobs and laid-off workers who have given up looking for jobs are included, the so-called underemployment rate also fell, to 17.2 percent from 17.5 percent in October.

The better-than-expected figures provided a rare dose of good news for a labor market that's lost 7.2 million jobs in two years. The unemployment rate hadn't fallen since July. Still, the respite may be temporary.

The speech continued in that vein. It was as though Obama had taken one of his old campaign speeches and merged it with a text from the library of ex-President George W. Bush. Extremists kill in the name of Islam, he said, before adding that it is one of the "world's great religions." He promised that responsibility for the country's security would soon be transferred to the government of President Hamid Karzai -- a government which he said was "corrupt." The Taliban is dangerous and growing stronger. But "America will have to show our strength in the way that we end wars," he added.

It was a dizzying combination of surge and withdrawal, of marching to and fro. The fast pace was reminiscent of plays about the French revolution: Troops enter from the right to loud cannon fire and then they exit to the left. And at the end, the dead are left on stage.

President Barack Obama has only been in office for just over nine months, but he's already hit the links as much as President Bush did in over two years.

CBS' Mark Knoller — an unofficial documentarian and statistician of all things White House-related — wrote on his Twitter feed that, "Today - Obama ties Pres. Bush in the number of rounds of golf played in office: 24.

Took Bush 2 yrs & 10 months."

OSLO (Reuters) - President Barack Obama won the Nobel Peace Prize on Friday for giving the world "hope for a better future" and striving for nuclear disarmament, in a surprise award that drew both warm praise and sharp criticism.

The decision to bestow one of the world's top accolades on a president less than nine months into his first term, who has yet to score a major foreign policy success, was greeted with gasps of astonishment from journalists at the announcement in Oslo.

The Norwegian Nobel Committee praised Obama for "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." But critics -- especially in parts of the Arab and Muslim world -- called its decision premature.

While White House spokesman Robert Gibbs today refrained from telling reporters whether President Obama in his speech Wednesday night will set a deadline for passing health care reform, sources tell ABC News that in his private meeting with Democratic congressional leaders this afternoon the key word was urgency.

The president told House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., that it is important for them to pass health care reform bills soon, the sources said.

Both leaders told the president that despite the difficult rough and tumble of the legislative process in the last few weeks, they are optimistic that both the House and Senate can pass health care reform legislation.