64,000 Jobs Added in November; Unemployment Rate Rises

Employers in the U.S. added 64,000 jobs in November, surpassing economists’ expectations despite a prior loss of 105,000 jobs in October, reflecting ongoing pressures in the labor market. The unemployment rate rose to 4.6%, the highest since September 2021. This data follows a six-week blackout due to a government shutdown, with revised job growth figures indicating a cooling labor market. Federal Reserve Bank of New York president John C. Williams noted that while layoffs are not sharply rising, job growth remains anemic.

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