INSUBCONTINENT EXCLUSIVE:
The United States economy demonstrated resilience in November by creating 227,000 new jobs, as reported by the Department of Labor.This
significant adjustment from 223,000 to 255,000.This means that over the two-month period from October to November, the economy added a total
Despite this job growth, the unemployment rate increased to 4.2% in November, up from 4.1% in October and significantly higher than the 3.7%
recorded a year earlier.This rise aligns with market expectations but raises questions about labor market dynamics
The sectors contributing most to job creation included healthcare, which added 54,000 positions.United States Economy Adds 227,000 Jobs in
November Amid Rising Unemployment Rate
(Photo Internet reproduction)Leisure and hospitality saw an increase of 53,000 jobs
Government employment expanded by 33,000
Social assistance added 19,000 roles
Conversely, the retail sector experienced a decline of 28,000 jobs.Wage Growth and Participation TrendsWage growth also showed positive
The average hourly wage reached $35.61 in October, reflecting a monthly increase of 0.4%, surpassing the anticipated growth of
the labor force participation rate fell slightly to 62.5% in November from 62.6% in October and down from 62.7% in September.This rate
remains below the pre-pandemic average of 63.3%, though it has stabilized within a range of 62.5% to 62.7% since December 2023.These figures
illustrate a complex picture of the United States labor market: job creation remains strong despite rising unemployment and fluctuating
participation rates.In short, the data reflects ongoing challenges while highlighting sectors that continue to thrive amidst economic
