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Headline : Hiring bounced back in November, adding 227,000 jobs

Read more from the original article on here at qz.com.





Tags : #hiring #bounced #back #november #adding #227000 #jobs


No. of Paragraph 17

Hiring rebounded in November as the labor market normalized after a rough October.

Nonfarm payrolls rose by 227,000 last month, according to data from the Bureau of Labor Statistics (BLS) released Friday. That surpassed estimates compiled by FactSet (FDS-1.16%).

The unemployment rate ticked up 0.1 percentage point from October to 4.2%, consistent with Wall Street expectations.

Job creation recovered from a weak October, when the labor market suffered dual blows from hurricanes and a massive work stoppage at Boeing (BA+1.25%). October hiring was upwardly revised to 24,000 from 12,000.

Read more from the original article on here at qz.com.


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