U.S. hiring surged in November, as the economy added 266,000 jobs and unemployment returned to a half-century low, a sign the U.S. is powering through a global slowdown.
The payroll number easily topped the estimate of 180,000 from economists surveyed by Refinitiv, who also saw the unemployment rate holding steady from October's 3.6 percent.
It marks the 110th month of straight gains.
Unemployment ticked down slightly to 3.5 percent as more people were looking for work, matching a 50-year low. The labor force participation rate was little changed at 63.2 percent. Average hourly earnings, meanwhile, rose by 3.1 percent over the past year to $28.29.
Revisions, meanwhile, added 41,000 jobs for the prior two months, bringing the three-month average to 205,000, a 10-month high. (September increased by 13,000 to 193,000, and October jumped by 28,000 to 156,000). Still, job growth on average is slower than it was in 2018: The 2019 monthly average is 180,000 jobs per month, compared with an average gain of 223,000 last year.
US job growth roars back in November, with 266,000 added
https://www.foxbusiness.com/markets/november-jobs-report-employment-data