US economy adds 199,000 jobs in November, unemployment rate unexpectedly falls

Posted on AllSides December 8th, 2023
From The Right

U.S. job growth continued to chug along at a healthy pace in November, suggesting the labor market remains resilient even in the face of higher interest rates, stubborn inflation and other economic uncertainties.

Employers added 199,000 jobs in November, the Labor Department said in its monthly payroll report released Friday, as striking autoworkers and actors returned to work. That was slightly above the 180,000 jobs forecast by Refinitiv economists.

The unemployment rate unexpectedly fell to 3.7% after rising for three straight months, a drop that was driven by a sizable...

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