November Saw 199K New Jobs, Unemployment Down

Yahoo Finance reports:

The unemployment rate unexpectedly fell in November, reflecting signs that the labor market may not be cooling as quickly as many had initially thought.

Data from the Bureau of Labor Statistics showed Friday the unemployment rate was 3.7% down from 3.9% in October, while US economy added 199,000 jobs.

The largest jobs increases in Friday’s report were seen in healthcare, where 77,000 jobs were added. Employment in government rose by 49,000, reaching its pre-pandemic level. Leisure and hospitality rose by 40,000.

Read the full article.

Strong jobs report across the board:

–199k job (above expectations)
–Unemployment rate down & participation up
–Hours up
–Strong wage growth pic.twitter.com/TpLzBZJBRI

— Jason Furman (@jasonfurman) December 8, 2023

“This is what full employment looks like,” RSM chief economist @joebrusuelas says on the November jobs report, adding: It’s “very positive economic news.” pic.twitter.com/RwbKj9UGjg

— Yahoo Finance (@YahooFinance) December 8, 2023