November Jobs

6.3

520d

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The US jobs report for November showed that the unemployment rate unexpectedly fell to 3.7%, with 199,000 jobs added. This indicates a strong and sturdy labor market, which could have implications for mortgage rates and the possibility of future interest rate cuts by the Federal Reserve.

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According to various news sources, the November jobs report in the United States showed stronger-than-expected growth, with 199,000 jobs added and the unemployment rate dropping to 3.7%.

This positive news prompted optimism among investors and experts, as it suggests that the U.S. economy is on track for a soft landing and continued recovery. The strong job growth indicates that the labor market remains sturdy, and the decrease in the unemployment rate is seen as a positive sign.

Furthermore, the report showed that wage increases stayed ahead of inflation, which is another encouraging sign for the economy. With higher wages and a lower unemployment rate, it is expected that consumer spending will continue to drive economic growth.

However, some analysts noted that the better-than-expected jobs report could hurt the case for early interest rate cuts by the Federal Reserve in 2024. The solid labor market data may suggest that the economy does not require aggressive monetary policy measures.

Overall, the November jobs report paints a positive picture of the U.S. labor market, indicating a strengthening economy and potential benefits for consumers. The strong job growth and declining unemployment rate suggest that the recovery from the COVID-19 pandemic is progressing well. However, it remains to be seen how these positive trends will continue in the coming months and how they will impact other aspects of the economy, such as mortgage rates and inflation.

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Current Stats

Data

Virality Score 6.3

Change in Rank -5

Thread Age 520 days

Number of Articles 134

Political Leaning

Left 29.0%

Center 50.7%

Right 20.3%

Regional Coverage

US 64.1%

Non-US 35.9%

Recent Coverage

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MarketScreener - 520 days ago - The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market. The U.S....

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The runway is getting clearer, but the U.S. economy still isn't assured of a soft landing

CNBC - 520 days ago - There's nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers "recession," let alone screams it.

Mortgage Rates Could Tumble as Jobs Slow

Newsweek - 520 days ago - The U.S. economy added 199,000 jobs in November and unemployment rate fell to 3.7 percent, the Bureau of Labor Statistics said.

U.S. Unemployment Eased In November As Hollywood Returned To Work After Strikes

Deadline - 520 days ago - U.S. employment rose in November boosted by labor settlements in Hollywood and Detroit.

U.S. employers add a solid 199,000 jobs

Los Angeles Times - 520 days ago - The nation’s employers added a solid 199,000 jobs last month and the jobless rate fell, fresh signs the economy could achieve an elusive 'soft landing.'

November jobs report shows economy added 199,000 jobs; unemployment at 3.7%

USA Today - 520 days ago - U.S. employment increased by 199,000 last month despite high inflation and interest rates. The unemployment rate was 3.7%

Jobs report 'suggests a bit less recession risk than you might have thought,' economist says

MarketWatch - 520 days ago - Another view on Friday’s payrolls data: ‘There is still some sizzle left in the labor market’

US jobs November 2023: Nonfarm payrolls rise 199,000

The Australian Financial Review - 520 days ago - Nonfarm payrolls increased by 199,000 jobs last month, the jobless rate slipped to 3.7 per cent and wages increased 0.4 per cent.

U.S. added 199,000 jobs in November; unemployment rate fell to 3.7 percent

MSNBC - 520 days ago - Nonfarm payrolls rose by 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000, the Labor Department reported Friday. Dominic Chu and Stephanie Ruhle discuss.

US Job Growth Accelerates; Unemployment Drops

Newsmax - 520 days ago - U.S. job growth accelerated in November and the unemployment rate dropped to 3.7% even as more people entered the labor force, pointing to underlying strength in the labor market.

U.S. employers added 199,000 jobs in November in sign of a still-sturdy labor market

Pittsburgh Post-Gazette - 520 days ago - False

Economy adds 199,000 jobs in November and unemployment rate falls: ‘We’ll be exiting 2023 without a recession’

Fortune - 520 days ago - More workers came off the sidelines in November, boosted by the end of actors' and auto workers' strikes.

The labor market stays robust, with employers adding 199,000 jobs last month

NPR - 520 days ago - U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.

Markets News, Dec. 8, 2023: S&P 500 Notches 19-Month High; Treasury Yields Tick Up Following Strong Jobs Report

Investopedia - 520 days ago - Stocks shook off early losses to close higher Friday as investors considered how the Federal Reserve may react to a strong jobs report and a jump in consumer sentiment when it meets next week.

US economy adds 199,000 jobs as unemployment rate falls slightly

The Guardian - 520 days ago - Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

Labor Market Added 199,000 Jobs In November As Unemployment Rate Hits 3.7%

Forbes - 520 days ago - Weaker job creation and slower wage growth have dampened the outlook for the recently red-hot labor market.

U.S. adds 199,000 jobs in November as labor market slowdown continues

The Washington Post - 520 days ago - The final stretch of 2023 is shaping up to be the slowest hiring period in years for the U.S. labor market, as employers tighten their belts after years of explosive growth following the job losses of the coronavirus pandemic.

November Jobs Report: U.S. Job Growth Expected to Slow

The New York Times - 520 days ago - Economists figure employment still grew at a healthy pace, but the figure will be augmented by the return of workers who were on strike.