The November jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.
The jobs report was expected to show that employers added a solid 172,500 jobs, according to a survey of economists, slightly exceeding October's 150,000.
The economy surpassed expectations in November and added 199,000 jobs, the Bureau of Labor Statistics reported Friday, a sign the labor market is holding up despite the Federal Reserve's efforts this year to bring down inflation through interest rate hikes.
U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.
The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
Friday's report is a fresh sign that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2 percent target without causing a steep recession.
The November gain was a reminder that many employers continue to hire, though last month’s increase was inflated by the return of about 40,000 formerly striking auto workers and actors, who were not at work in October but returned in November.
Hiring slowed from earlier this year with U.S. employers adding 199,000 jobs in November while the unemployment rate fell to 3.7%. … More recently, job openings are falling, and workers are quit...
The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
The nation’s employers added a solid 199,000 jobs last month and the jobless rate fell, fresh signs the economy could achieve an elusive 'soft landing.'
