Close Menu
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025

Digital transformation, ESG performance and enterprise innovation

July 4, 2025

Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

July 3, 2025
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading
American FocusAmerican Focus
Home»Finance»US economy adds 227,000 jobs in November, unemployment rate rises to 4.2% as labor market rebounds

US economy adds 227,000 jobs in November, unemployment rate rises to 4.2% as labor market rebounds

JournalistBy JournalistDecember 16, 2007No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email


The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes.

Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by economists. The unemployment rate increased to 4.2%.

Hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report, which was revised to show there were 36,000 jobs created last month. The unemployment rate stood at 4.1% in October.

Job growth for September was also revised higher on Friday, with revisions now indicating the US economy added 56,000 more jobs than initially reported over those two months.

RSM chief economist Joe Brusuelas told Yahoo Finance that Friday’s report reflects a “remarkably calm labor market” that is at full employment after accounting for October’s distortions.

Wage growth, an important measure for gauging inflation pressures, rose 0.4% in November, in line with October’s increase and higher than the 0.3% rise economists had expected.

Compared to the prior year, wages rose 4% in November, more than than 3.9% that had been forecast.

Meanwhile, the labor force participation rate fell to 62.5% in November, down from 62.6% in October.

In its release, the BLS noted employment in the transportation equipment manufacturing industry rose by 32,000, “reflecting the return of workers who were on strike.” Temporary help services employment rose modestly in November but also marked a turnaround from a loss of over 33,000 jobs in this industry the prior month.

A US flag is displayed on a construction worker's safety helmet during a topping out ceremony for the Midfield Satellite Concourse (MSC) Terminal Expansion project under construction at Los Angeles International Airport (LAX) in Los Angeles, California, on January 17, 2024. LAX, one of the busiest US airports, is undergoing major upgrades as part of a $30 billion capital improvement. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
A US flag is displayed on a construction worker’s safety helmet at a project under construction at Los Angeles International Airport (LAX) in Los Angeles, Calif., on Jan. 17, 2024. (PATRICK T. FALLON/AFP via Getty Images) · PATRICK T. FALLON via Getty Images

The report comes as investors look for clues on whether or not the Federal Reserve will cut interest rates for the third time this year at its Dec. 18 meeting.

Entering the print, markets were widely expecting the Federal Reserve to cut interest rates by a quarter of a percentage point in December. As of Friday morning, markets are pricing in a nearly 87% chance the Fed cuts rates in December, up from a 66% chance seen a week ago, per the CME FedWatch Tool.

Economists argue that the November jobs report should do little to change that thinking.

“For the Fed, these numbers are going to be right in the spot of what they were looking for and they’re comfortable with to continue easing policy at least at the December meeting,” Citi senior global economist Robert Sockin told Yahoo Finance. “This doesn’t change the narrative that likely rates are restrictive and they have to at least come down a bit more at a gradual pace.”

Story Continues



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Journalist
  • Website

Related Posts

UK in dire straits after finance minister’s tears rattle markets

July 3, 2025

Malaysia’s anti-graft agency targets ex-finance minister Daim Zainuddin’s $1.36 billion assets: NST

June 29, 2025

How the next financial crisis starts

June 26, 2025
Leave A Reply Cancel Reply

Don't Miss

How A-listers are shaking up the consumer-goods business

Business July 3, 2025

Celebrities ARE venturing beyond the billboard and the big screen—and into big business. Hailey Bieber,…

How Tech And Agility Are Powering Business Resilience

June 30, 2025

Charting his own course: How a business degree helps this national sailor prepare for life after sport

June 26, 2025

US durable goods orders soar in May

June 26, 2025
Our Picks

Binance to keep hundreds of staff in Singapore despite crackdown

July 2, 2025

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

You Won’t Believe Who’s Moving Millions in Bitcoin on Binance Right Now — TradingView News

June 28, 2025

New Binance Report: Bitcoin Now Supporting, Not Hedging, the Dollar

June 24, 2025
About Us
About Us

Welcome to American Focus, your trusted source for the latest news and insights on the world of cryptocurrency, trading, and digital assets. We are passionate about providing accurate, timely, and comprehensive information to help you navigate the dynamic landscape of the crypto market.

At American Focus, we cover everything from the basics of Bitcoin to in-depth analyses of platforms like Binance and CoinDesk

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025

Digital transformation, ESG performance and enterprise innovation

July 4, 2025

Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

July 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 americanfocus. Designed by americanfocus.
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.