The US unemployment rate fell slightly to 3.5%. That matches a 50-year low also reached in September of this year.
The report shows a continuation of the strong labor market of recent years. It marks the 21st straight month that the unemployment rate has been at or below 4%, a level generally considered to represent full employment. And thanks to the strong labor market, workers have been able to make some progress on wages, which are up 3.1% over the last 12 months. Wage increases have averaged 3% or greater every month since August 2018.
The manufacturing sector added 54,000 jobs in November, offsetting a decline in October related to nearly 50,000 General Motors workers who were then on strike.
But the job increases were widespread across the US economy. Health care had a big gain, up 45,000, as did the leisure and hospitality industry, which also added 45,000 jobs.
— This is a developing story.
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December 06, 2019 at 08:52PM
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US hiring rebounds in wake of GM strike - CNN
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