Share this @internewscast.com

Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy.

Nonfarm payrolls rose by 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000, the Labor Department reported Friday.

The unemployment rate declined to 3.7%, compared to the forecast for 3.9%.

Average hourly earnings, a key inflation indicator, increased by 0.4% for the month and 4% from a year ago. The monthly increase was slightly ahead of the 0.3% estimate, but the yearly rate was in line.

Markets showed mixed reaction to the report, with stock market futures modestly negative while Treasury yields surged.

Health care was the biggest growth industry, adding 77,000. Other big gainers included government (49,000), manufacturing (28,000) and leisure and hospitality (40,000).

Heading into the holiday season, retail lost 38,000 jobs, half of which came from department stores. Transportation and warehousing also showed a decline of 5,000.

This is a developing story. Please check back for updates.

Share this @internewscast.com
You May Also Like
Munich Oktoberfest fairgrounds closed after bomb threat and deadly explosion

Bomb Threat and Fatal Explosion Lead to Closure of Munich Oktoberfest Fairgrounds

German police closed the Oktoberfest fairgrounds Wednesday morning following a bomb threat…
Man who hit and killed Jacksonville teen tried running over a man months prior, court records say

Court Records Reveal Man Who Struck and Killed Jacksonville Teen Previously Attempted to Run Over Another Man

Andre Myers has been taken into custody for the deadly hit-and-run incident…
Michigan church shooting bodycam video shows police confront gunman

Bodycam Footage Reveals Police Confrontation with Gunman at Michigan Church Shooting

Police in Michigan released body camera video from officers who responded to…
ICE in Chicago: Barricades set up for designated protest zones near Broadview ICE facility; Air Force veteran Dana Briggs arrested

Barricades Established for Protest Zones Near Chicago’s Broadview ICE Facility; Air Force Veteran Dana Briggs Among Those Arrested

BROADVIEW, Ill. (WLS) — Protesters rallied outside the Broadview U.S. Immigration and…
New Mexico Legislature approves bills to prop up rural health care, underwrite food assistance

New Mexico Lawmakers Pass Bills to Support Rural Healthcare and Fund Food Aid

SANTA FE, N.M. (AP) — In response to President Donald Trump’s reductions…
Government shutdown continues as Senate again rejects funding bills

Senate Blocks Funding Bills, Extending the Government Shutdown

Senate Majority Leader John Thune of South Dakota holds a copy of…
ICE officers in Illinois targeted by illegal immigrants who used 'vehicles as weapons,' officials say

Illinois ICE Officers Attacked by Illegal Immigrants Using Vehicles as Weapons, Officials Report

Two illegal immigrants were arrested in Illinois for allegedly weaponizing their vehicles…
Massive fire erupts at Chevron refinery just outside of LA

Huge Blaze Breaks Out at Chevron Refinery Near Los Angeles

A fire erupted at a Chevron oil refinery near Los Angeles in…
State-of-the-art technology restores classic film 'The Sound of Music' to its clear, bright, colorful glory 60 years after release

Cutting-edge technology revives ‘The Sound of Music,’ enhancing its clarity, brightness, and color 60 years post-release

BURBANK, Calif — To celebrate “The Sound of Music” on its 60th…
Massive fire erupts at Chevron refinery near Los Angeles

Huge blaze breaks out at Chevron refinery near Los Angeles

A fire erupted at the Chevron oil refinery near Los Angeles on…
Hispanic Heritage Month: Chicago fire station transformed into Yollocalli art museum in Little Village

Hispanic Heritage Month: Chicago Fire Station Converted into Yollocalli Art Museum in Little Village

CHICAGO (WLS) — A former fire station in Chicago has been transformed…
Alaskan climbing star dies in fall from Yosemite's El Capitan

Renowned Alaskan Climber Tragically Falls to His Death from Yosemite’s El Capitan

A renowned climber from Alaska tragically lost his life after falling from…