Huge Jobs Report for November

The government reported that the U.S. economy created 321,000 net new jobs last month. This was our 50th-straight month of jobs gains.

On top of that, the number for September was revised higher by 15,000, and October was increased by 44,000. In the last 10 months, the economy created 2.5 million new jobs. The unemployment rate stayed the same at 5.8%.

This is a very strong report. Wall Street had been expecting an increase of 230,000 jobs. Average hourly earnings rose nine cents to $24.66 per hour.

Posted by on December 5th, 2014 at 9:22 am


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