Headline RoundupDecember 2nd, 2022

US Economy Added 263,000 Jobs in November

AllSides Summary

The U.S. economy added 263,000 jobs in November, and the unemployment rate remained at 3.7%, according to the Labor Department.

For Context: The job growth came in spite of continued interest rate hikes and other actions by the government to curb high inflation. Economists surveyed by Dow Jones expected an increase of 200,000 jobs. The labor force participation rate was 62.1%, still 1.3 percentage points below its pre-pandemic level.

How the Media Covered It: The November jobs report was a top story from sources across the political spectrum Friday morning. Many sources, regardless of bias rating, framed the data as a sign of a resilient job market.

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