U.S. Adds 266,000 Jobs in November, Jobless Rate Falls to 3.5%

In November, 266,000 jobs were created, reducing the unemployment rate to 3.5%. Earnings rose slightly, pushing the annual rate to 3.1%. The job count was inflated by 41,000 returning GM strikers. Manufacturing added 54,000 jobs, and previous months were revised up by 41,000. Healthcare saw the largest gains with 60,000 jobs, followed by restaurants, bars, and retail. The labor force participation rate decreased slightly, and employment rose by 83,000. The data suggests no shortage of workers, raising questions about the potential for further unemployment rate reductions without significant wage increases.

How many jobs were created in November?

What was the unemployment rate in November?

What sectors saw the biggest job gains in November?

What was the change in the labor force participation rate?

What question does the report raise about the unemployment rate?