Employers added 266,000 jobs in November and the jobless price fell to a 50-year low of three.5%, matching September’s stage, the Labor Division stated Friday. Wages superior 3.1% from a yr earlier. The Wall Road Journal stories:
The U.S. job market strengthened in November, as hiring jumped and unemployment fell, including gasoline to the financial enlargement.
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 yr. U.S. inventory futures and government-bond yields rose Friday after the information was launched.
Hiring was sturdy in well being care, eating places and transportation jobs. In November, producers added 54,000 jobs, 41,000 of which had been in auto manufacturing. Normal Motors Co. employees, who had been on strike in October, helped drive the bounceback.
50-yr consumer drops fee low three.5% unemployment
