"US Labor Market Impresses: Unemployment Unexpectedly Declines in November"

1 min read
Source: CNBC
"US Labor Market Impresses: Unemployment Unexpectedly Declines in November"
Photo: CNBC
TL;DR Summary

The US economy added 199,000 jobs in November, surpassing expectations, while the unemployment rate fell to 3.7%, lower than the forecasted 3.9%. Average hourly earnings increased by 0.4% for the month and 4% from a year ago. The health care industry saw the biggest growth, adding 77,000 jobs, while retail lost 38,000 jobs, primarily from department stores.

Share this article

Reading Insights

Total Reads

0

Unique Readers

4

Time Saved

1 min

vs 1 min read

Condensed

69%

18657 words

Want the full story? Read the original article

Read on CNBC