5 worrying employment trends buried in latest jobs report
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Hiring cooled this fall, according to delayed figures released by the Labor Department Tuesday. Employers added 64,000 jobs in November as the unemployment rate rose to 4.6%.
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,
The U.S. economy added an average of only 22,000 jobs over the three months ended in November. That's below the number of jobs needed to keep the unemployment rate from rising, said Ali Jaffery, senior economist at CIBC Capital Markets.