Labor Dept.: 228K jobs added in November; unemployment steady

Labor Dept.: 228K jobs added in November; unemployment steady

The economy added 228,000 jobs in November, government economists reported Friday, maintaining a streak of growth that took off during Obama's first term and kept pace through President Trump's first year in office.

The economy is expanding at a healthy pace, and in many cases employers are scrambling to hire enough qualified workers. The unemployment rate and number of unemployed persons were down by 0.5 percent and 799,000, respectively, over last year. "While the headline unemployment rate is back to its late-2000 level, broader employment measures aren't there yet - and wage acceleration remains limited".

Healthy hiring and a low unemployment rate have yet to push up wages, which rose 2.5 percent in November compared with a year earlier.

The unemployment rate remained near a 17-year low of 4.1%.

The monthly BLS report on the employment situation in the U.S. showed that 1,128,700 people were employed in November in the legal services sector, which includes lawyers, legal secretaries, paralegals and other law-related jobs.

La inesperada petición que Marjorie de Sousa le hizo a Julián Gil
El actor argentino ha sido citado por el juez para que ratifique su denuncia . Por el momento se desconoce bajo qué cargo ha demandado el actor a de Sousa.

"The average hourly earnings number today will attract a decent amount of attention and could be the swing factor".

Jobs report? It's the wage report now.

Demand for outpatient services is growing as technology increasingly allows services that once required inpatient hospital stays to be performed in outpatient settings. In construction, for example, average hourly pay has shot up 2.9 percent to $29.17 since last November, driven in part by rebuilding efforts in hurricane-walloped states, such as Texas and Florida. It appears to be this detail that is likely limiting the US dollar upside.

Manufacturing continued to grow last month, adding 31,000 jobs: including 8,000 in machinery, 7,000 in metal products, 4,000 in computer goods and 4,000 in plastic and rubber wares.

A widely shared concern among market soothsayers rolling out 2018 forecasts is that a sudden spike in inflation might prompt central banks to get serious about tightening monetary policy quickly. Lowering the corporate tax rate, they assert, will inspire firms to invest and hire more. Last month saw a strong recovery for hospitality, when the sector added 89,000 jobs after losing 98,000 jobs in September due to the impact of Hurricanes Harvey, Irma and Maria. The October reading was the lowest since 2006.