US added 64K jobs in November
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9hon MSN
The US gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%
The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports.
The federal government is set to release an unusual jobs report on Tuesday, combining data from two consecutive months due to disruption caused by the 43-day government shutdown. The weeks-delayed report will offer the latest snapshot of the U.S. economy in an uneasy period bedeviled by a hiring slowdown and an uptick of inflation.
Plus, meet the startup aiming to stop fake job candidates, pay raises remain flat and why American women hold more corporate power than political in this week's Careers newsletter.
The October and November jobs reports are expected this morning. Follow along for live updates on the Dow, S&P 500, Nasdaq and other markets.
The U.S. labor market is showing further signs of cooling, as the latest jobs report indicates that unemployment has risen to its highest level in four years. There was some good news as payrolls climbed by 64,
After moving up to 4.6% the U.S. unemployment rate is now at its highest level since October 2021 toward the tail end of the pandemic. The jobless rates had soared to as high as 14.8% during the health crisis.