Labor market picked up steam in November as U.S. economy added 266,000 jobs and jobless rate fell to 3.5 percent
12/6/19
< < Go Back
from The Washington Post,
12/6/19:
Surge in jobs came as thousands of GM workers returned from strike.
The United States added 266,000 jobs in November as the jobless rate decreased to 3.5 percent, reflecting a surge of strength in the labor market that has muscled through recession fears that flared over the summer.
The data, released by the Bureau of Labor Statistics, beat expectations. Analysts had forecast roughly 180,000 new jobs for the month. The 3.5 percent unemployment rate is back at a 50-year low.
The jobs data offers the latest snapshot into an economy that appears to have lost momentum from 2018 but continues to grow.
More From The Washington Post (subscription required):
Rss Feed