Jobs Growth Soars in November as Payrolls Surge by 266,000 - Energy Watch News


Jobs Growth Soars in November as Payrolls Surge by 266,000

The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job growth of 187,000 and saw the unemployment rate holding steady from October’s 3.6%. The decline in November’s jobless rate came amid a corresponding 0.1 percentage point drop in the labor force participation rate, to 63.2%. The jobs growth was the best since January’s 312,000 and well clear of the November 2018 total of 196,000. https://www.cnbc.com/2019/12/06/us-nonfarm-payrolls-november-2019.html

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