US Jobs Report

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The US jobs report for November 2023 showed that the economy added 199,000 jobs and the unemployment rate fell to 3.7%. This indicates a strong and sturdy labor market, raising questions about the need for further 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 6.1

Change in Rank -4

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

Dollar up after strong US jobs data, takes back some losses from yen

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....

Toronto market pares weekly decline as energy shares rally

MarketScreener - 520 days ago - Canada's main stock index edged higher on Friday as higher oil prices bolstered energy shares and investors assessed the latest U.S. jobs data for clues on the next steps by the Federal Reserve. ...

How a top economic adviser to Biden is thinking about inflation and the job market

NPR - 520 days ago - The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

Stocks advance, Treasury yields jump after US payrolls report

MarketScreener - 520 days ago - A gauge of global stocks climbed on Friday, poised for its sixth straight week of gains, while U.S. Treasury yields rose after a strong U.S. jobs report forced markets to modify expectations for the...

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.

Jobs report forces Fox News to admit Biden economy 'a lot stronger than anybody understands'

AlterNet - 520 days ago - The monthly jobs report released Friday morning is being heralded as “robust,” “upbeat,” and “stronger than expected,” as unemployment again dropped to a near-50-year low (3.7%) while the economy added another 199,000 jobs.“It’s the little engine that could, and this little locomotive keeps a chuggi...

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%

November Unemployment Rate Unexpectedly Falls, As Wage Increases Stay Ahead of Inflation

Investopedia - 520 days ago - The labor market may not be red hot anymore, but it’s staying comfortably warm for workers, by historical standards.

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. 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.

November jobs report to offer latest pivotal clue on whether U.S. economy is pulling off the near-miraculous ‘soft landing’

Fortune - 520 days ago - The jobs report is expected to show that employers added a solid 172,500 jobs, according to a survey of economists, slightly exceeding October's 150,000.