Bloomberg News reports:
U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid.
Payrolls jumped 266,000, the most since January, after an upwardly revised 156,000 advance the prior month, according to a Labor Department report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs.
It was the first full month that General Motors Co. workers returned to work after a 40-day strike, adding 41,300 to automaker payrolls following a similar drop the prior month.
The Trump Boom Goes On! November jobs report trounces forecast with 266,000 hired https://t.co/4PGymJcJAR
— Laura Ingraham (@IngrahamAngle) December 6, 2019
Another awesome jobs report that blew through expectations.
✅ 266,000 jobs created!
✅ Wage growth at a strong 3.1%!
✅ Unemployment at 50-year-low!
You gonna to risk all this to bring back crippling government regulations & taxes, destroy your 401K, and destroy wage growth?
— Donald Trump Jr. (@DonaldJTrumpJr) December 6, 2019