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The U.S. economy added 266,000 jobs in November, while the unemployment rate dropped to 3.5%, according to Department of Labor data released Friday.
The 266,000 jobs added in November, according to the Bureau of Labor Statistics report, amounted to about 138,000 more jobs than were added in October. The surge comes after a 40-day General Motors strike, “reflecting the return of workers,” according to the report, adding 41,300 to automaker payrolls.
Unemployment - Rate - % - September - Unemployment
The unemployment rate dropped back down to 3.5%, matching September’s unemployment rate, the lowest since December 1969.
Economists had predicted that 187,000 jobs would be added and that the unemployment rate would remain at 3.6%, according to The Wall Street Journal.
Numbers - US - Job - Growth - Brian
The numbers show that U.S. job growth has stabilized, Brian Coulton, chief economist at Fitch Ratings, said.
“Along with the upward revisions to earlier months, these numbers are telling us that job growth...
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