Strong November Jobs Report Counters Anxieties Over Weakening Economy
Posted on AllSides December 6th, 2019
From The Left
The Labor Department’s report was much stronger than the one last month, helped in part by the end of a General Motors strike.
■ 266,000 jobs were added in November. Analysts had expected a gain of about 180,000, according to MarketWatch.
■ The unemployment rate was 3.5 percent, down from the previous month.
■ Average hourly earnings rose 0.2 percent, with a year-over-year gain of 3.1 percent.
The return of tens of thousands of striking workers to their jobs at General Motors helped supercharge hiring totals last month.
The reassuring...
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