US Jobs Report Shows Mixed Recovery and Rising Unemployment in November
TL;DR Summary
In November, U.S. nonfarm payrolls increased by 64,000, surpassing expectations, after a decline in October, with the unemployment rate rising to 4.6%. The labor market shows signs of low hiring and firing, with most gains in healthcare, construction, and social assistance, while sectors like transportation and hospitality declined. The Federal Reserve remains cautious about rate cuts amid mixed economic signals, including slow wage growth and flat retail sales.
- Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show CNBC
- Jobs Report Live Updates: U.S. Unemployment Rate Rose in November, a Warning Sign for Economy The New York Times
- Live: Analysis of US Jobs Report Bloomberg.com
- Labor market lost 41,000 jobs over October, November; unemployment rate up The Washington Post
- Live updates: US Department of Labor to release delayed jobs report BBC
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