by Joseph Weber
The Labor Department reported Friday the number of new jobs in the U.S. economy increased in November, compared to the previous month, while the unemployment rate increased slightly to the annualize rate of 4.2%
The economy in November added 227,000 new, non-farm jobs, compared to 36,000 in October, according to the department’s Bureau of Labor Statistics. The November number exceeded Wall Street expectations of 214,000 new jobs.
Job creation rebounded after a near-standstill in October as a result of the Boeing strike and hurricanes that hit the Southeast, according to CNBC.
The November jobless rate was also in line with Wall Street expectations.
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Joseph Weber is a reporter for Just the News.
Reprinted with permission from Just the News
