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US Economy Added 178,000 Jobs in November; Unemployment Rate Drops To 4.6 Percent (washingtonpost.com)

The U.S. economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent from 4.9 percent the previous month, according to new government data released (Editor's note: the link could be paywalled; alternate source) Friday morning. From a report on the Washington Post: Economists surveyed by Bloomberg News had expected U.S. employers to create 180,000 new jobs last month -- roughly in line with the average number added in the first 11 months of the year. The first release after a contentious election in which the candidates disputed the health and direction of the economy, the data showed a job market that is continuing to steadily strengthen from the recession. The unemployment rate fell to levels not seen since August 2007, before a bubble in the U.S. housing market began to burst. The fall was driven partly by the creation of new jobs, and partly by people retiring and otherwise leaving the labor force. The labor force participation rate ticked down to 62.7 percent. Average hourly earnings declined by 3 cents to $25.89. The decrease pared back large gains seen in October, but over the year average hourly earnings are still up 2.5 percent, the Bureau of Labor Statistics said.

3 of 533 comments (clear)

  1. Trump! by Anonymous Coward · · Score: -1, Offtopic

    Of course jobs were added. That's the power of dear leader Trump! Expect this trend to continue as he brings back even more jobs from ocerseas and makes America GREAT again!

  2. Re:Fake news by Zurkeyon3733 · · Score: -1, Offtopic

    Because now its a liberal shit-hole....

  3. Re:That can't be right by Anonymous Coward · · Score: -1, Offtopic

    No. Listen to Trump and go grab some pussy, He says it is OK.