The imaginary recession of 2019 is over.
The U.S. economy added 266,000 jobs for the month and the unemployment rate fell to 3.5 percent, matching the lowest level in 50 years.
Economists had expected the economy to add 187,000 jobs and for unemployment to remain unchanged at 3.6 percent, according to Econoday.
Adding to the picture of strength for the labor market, previous jobs numbers were revised up. September’s figure was revised up by 13,000 to 193,000. October was revised up by 28,000 to 156,000. Together, that adds 41,000 more jobs than previously reported.
The Friday report on nonfarm payrolls makes it clear that the economy is much stronger than thought by those who were predicting U.S. growth would slow dramatically or contract near year end.
Detransitioners reveal how doctors pushed them toward life-altering treatment as teens
White House exposes ‘Transshipment Scam’ costing US up to $26B, points finger at China
Live bullet found aboard United flight forces passengers off plane for security sweep at Denver airport
Woke Colorado School District Teaches 5-Year-Olds Sexual Anatomy Using Images So Bad We Refuse to Post Them – By Age 7, It Gets Far Worse
Marco Rubio gets 68 new jobs in epic White House birthday gift inspired by viral meme
Watch: Bystander Appears to Capture New B-21 Raider Stealth Bomber Flying Low Over Wichita
HHS warns Texas hospitals against denying life-saving care to newborn with disability
Exclusive: Oklahoma Police Chief Cancels City’s Flock Safety Contract After Citizens Raise Privacy Concerns
Gun rights groups capitalize after judge reverses decades-old restrictions: ‘Monumental’
Legal Expert: Don Lemon’s Legal Battle Could Have Devastating Unintended Consequences for Abortion Clinics
Watch: NBC Broadcasts Dead Air – Twice – As Literally Speechless Election Analyst Learns Results Are Missing from 5 of 9 USB Drives in Blue City
JD Vance and RFK Jr. Refer Hospitals and Clinics to DOJ in Response to ‘Wolves in White Coats’ Report
Mamdani’s luxury-home tax gets new life as appeals court lifts roadblock in homeowner fight
Fox News Poll: A Senate battle looms in Michigan
A Democratic senator wanted to ban super PACs in primaries. Now he’s benefiting from one
Hiring in November was strong across the board. Manufacturing, which had been a source of weakness in earlier reports, added 54,000 jobs. This was boosted by the end of the strike at General Motors, with autos adding 41,000. But economists, whose estimates were meant to reflect the end of the strike, had predicted just 15,000 extra jobs.
Healthcare added 45,000 jobs, as did leisure and hospitality. Employment in professional and technical services grew by 31,000.
Average hourly wages are up 3.14 percent compared with last year, above economist expectations. In manufacturing, the average workweek increased by 0.1 hour to 40.5 hours. Average hourly ages of private-sector production and nonsupervisory employees rose by 7 cents in the month to $23.83, a 0.22 percent gain.
The labor force participation rate was little changed at 63.2 percent in November. The employment-population ratio was 61.0 percent for the third consecutive month. Both numbers would ordinarily be declining to do the expected retirement of baby-boomers. Holding steady indicates that the strong labor market is enticing workers to stay on the job.
Story cited here.
