November Was a Strong Month for Jobs
The November jobs report released last week was a strong one.
According to the government’s Bureau of Labor Statistics, the economy added 211,000 last month, with notable gains in construction, professional and technical services, and health. It was the second straight month of strong gains.
BLS also revised data from September and October, showing 35,000 more jobs than previously reported.
Importantly, the November jobs report drives away fears of a U.S. economic slowdown, and paves the way for a planned interest rate rise by the Fed.
The unemployment rate held at 5%, but BLS points out that both the unemployment rate and the number of unemployed persons dropped over the past 12 months.
Experts are touting the November jobs report without a lot of “ifs” and “buts.” It is a solid piece of good news.
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