Reported 20 days ago
In November, the US economy added 227,000 jobs, exceeding expectations, while the unemployment rate rose to 4.2% as the labor market recovered from previous disruptions caused by severe weather and strikes. The job growth exceeds the forecast of 220,000 jobs, and wage growth remained strong at a 4% increase year-over-year. Despite the uptick in unemployment, analysts noted that the labor market appears stable, indicating a potential easing of Federal Reserve interest rates.
Source: YAHOO