Friday, 8 December 2017

US jobs growth stronger than expected in November

US jobs growth was better than expected in November, with payrolls rising by 228,000.

Service, health care and manufacturing firms helped to drive the gains, holding the unemployment rate held steady at 4.1%.

Economists had expected an increase of about 200,000 jobs, but early festive season hiring and a rebound after two hurricanes earlier this year helped to boost growth.

Wages increased by 2.5% year-on-year.

The US Labor Department report follows other recent data suggesting that the US economy is in solid shape.
US economic growth has hit an annualised rate of more than 3% in the past two quarters, while the unemployment rate is at its lowest since 2000.

BBC      News.