15 sources·Business

U.S. Job Growth Rises as Economy Adjusts

The U.S. economy added 227,000 jobs in November while the unemployment rate increased to 4.2%, indicating ongoing economic adjustments.

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Updated: Dec 6th, 2024, 2:28 PM ET

Summary

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In November, the U.S. added 227,000 jobs, recovering from prior month disruptions due to storms and strikes, although the unemployment rate increased to 4.2%. Job gains were predominantly seen in healthcare, hospitality, and government sectors, marking a rebound in hiring after previous lows. While this reflects resilience in the labor market, challenges persist, including a slight decline in labor force participation. Analysts anticipate potential interest rate cuts by the Federal Reserve, bolstered by rising average hourly earnings and ongoing economic adjustments.

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U.S. Job Growth Rises as Economy Adjusts - Pano News