Jobs Report: U.S. employers continued to hire steadily in November, adding 263,000 jobs. Unemployment rate stayed level at 3.7%
U.S. employers added 263,000 jobs in November, continuing a surprisingly strong pace of expansion this year despite the Federal Reserve's efforts to put the brakes on the labor market. Friday. Economists surveyed by data provider FactSet had predicted employers added 200,000 jobs last month.
"Even if the central bank eases up as expected on the magnitude of rate increases, the journey likely continues in 2023 toward a higher ultimate rate destination in the pursuit of restraining inflation," said Mark Hamrick, senior economic analyst at Bankrate, in a Friday note. "Another strong jobs report reflects what's plain to see in the economy: more than 10 million job openings and many industries, such as health care and education, are still working to fill out their ranks to minimum, pre-pandemic levels," Robert Frick, corporate economist at Navy Federal Credit Union, said in a note.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US hiring stayed strong in November as employers added 263,000 jobsThe unemployment rate stayed 3.7%, still near a 53-year low, the Labor Department said Friday.
Read more »
US hiring stayed strong in November as employers add 263,000The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes
Read more »
US hiring stayed strong in November as employers add 263,000 jobs despite inflation, economyThe nation's employers kept hiring briskly in November despite high inflation and a slow-growing economy.
Read more »
US hiring stayed strong in November as employers add 263,000The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes
Read more »
US economy adds 263,000 jobs in November, better than expected as hiring remains solidThe Labor Department's November jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.
Read more »
U.S. hiring stayed strong in November as employers add 263,000The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes.
Read more »