U.S. Hiring Strengthened in November, Fueling Expansion
Posted on AllSides December 6th, 2019
From The Center
Employers add 266,000 jobs, unemployment rate drops to 50-year low of 3.5%.
The U.S. job market strengthened in November, as hiring jumped and unemployment fell, adding fuel to the economic expansion.
Employers added 266,000 jobs in November and the jobless rate fell to a 50-year low of 3.5%, matching September’s level, the Labor Department said Friday. Wages advanced 3.1% from a year earlier.
The stronger pace of hiring could help juice up the broader U.S. economy, which is still expanding but at a slower pace than last year. U.S. stock...
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