Employers added 266,000 jobs in November and the jobless charge fell to a 50-year low of three.5%, matching September’s degree, the Labor Division mentioned Friday. Wages superior 3.1% from a 12 months earlier. The Wall Avenue Journal experiences:
The U.S. job market strengthened in November, as hiring jumped and unemployment fell, including gasoline to the financial growth.
The stronger tempo of hiring might assist juice up the broader U.S. financial system, which remains to be increasing however at a slower tempo than final 12 months. U.S. inventory futures and government-bond yields rose Friday after the info was launched.
Hiring was robust in well being care, eating places and transportation jobs. In November, producers added 54,000 jobs, 41,000 of which have been in auto manufacturing. Basic Motors Co. staff, who have been on strike in October, helped drive the bounceback.
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