Labor Dept: US Added 227,000 New Jobs In November

The Wall Street Journal reports:

The labor market remains in decent health. The latest nonfarm payrolls data shows 227,000 positions were created in November, topping expectations for 214,000 new jobs. Unemployment edged up to 4.2%, matching consensus forecasts.

October’s figure, which was affected by hurricanes and strikes, was increased to 36,000 from an initial tally of 12,000, the Bureau of Labor Statistics said. Bonds rallied, pushing yields down modestly, and the dollar slipped. Stock futures turned narrowly positive.

The reading is the last before the Federal Reserve’s next policy meeting, in two weeks. Signs the economy remains strong could reduce traders’ bets on a coming rate cut. Fed Chair Jerome Powell has said the economy is looking better, which means policymakers can take more time over cutting.

Read the full article.

Yet another good jobs report- stewardship by the Biden-Harris administration www.cnn.com/2024/12/06/e…

[image or embed]

— Randi Weingarten (@rweingarten.bsky.social) December 6, 2024 at 8:49 AM