(350,000 workers left the laborforce in November of 2012 and overall employment was down 122,000 for November; the report (first post-election report) also substantially revised downward the October and September (pre-election) numbers where it estimated that 45,000 fewer jobs were created than originally reported; decline in laborforce resulted in laborforce participation rate falling to 63.6 percent and was sole reason why unemployment rate fell to 7.7 percent; number of average work hours remained flat at 34.4; number of small businesses hiring rather than firing dropped to lowest level since late 2008).