U.S. economy adds 64,000 jobs in November, unemployment rate rises to 4.6%
Job gains were mainly in health care and construction while federal payroll cuts caused large losses in October, raising unemployment to 4.6%, the highest since 2021.
- The U.S. economy added 64,000 jobs in November, while the unemployment rate rose to 4.6%.
- ADP, a company providing HR and payroll solutions, reported preliminary estimates showing a reversal from negative employment trends in early November.
- Despite positive trends, ADP's National Employment Report revealed the U.S. private sector lost 32,000 jobs in November, with significant losses among small businesses in the Northeast.
175 Articles
175 Articles
Unemployment hits four-year high
The U.S. unemployment rate climbed to 4.6% in November, according to the latest BLS jobs report. There’s also data showing more Americans are reentering the workforce and more part-time workers are looking for full-time roles. In this episode, we explain what it all means for the broader economy. Plus: Advertising revenue is projected to top $1 trillion in 2025, hiring in the once-strong health care sector may slow soon, and artificial intellige…
Global Markets React: Jobs Data Sparks Economic Speculations
Global Markets React: Jobs Data Sparks Economic Speculations On Tuesday, MSCI's global equities index and 10-year U.S. Treasury yields fell as investors analyzed recent U.S. jobs data amid hopes for a Russia-Ukraine peace deal. With a nonfarm payroll increase of 64,000 last month, doubts lingered due to the prior government shutdown clouding the economic outlook.Portfolio manager David Wagner described the jobs report as a 'Goldilocks' scenario—…
Unemployment rate rises to more than 4%
NEW YORK (CBS, KYMA) - The U.S. Bureau of Labor Statistics just released the November jobs report. It includes some delayed October data because of the government shutdown. The numbers show a mixed picture; job growth picked up, but the unemployment rate rose. A multi-month jobs report offers mixed signals for the U.S. economy. In November, employers added 64,000 jobs, down from Septmeber, but still beating expectations. A partial look at Octobe…
Unemployment Rate Hits Highest Level in 4 Years Amid Trump’s Assault on Workers
Federal data belatedly released Tuesday shows that the US unemployment rate rose to the highest level in four years last month as President Donald Trump’s administration continues its assault on the government’s workforce and American corporations lay off workers at a level not seen in decades. The unemployment rate rose to 4.6% in November, up from 4.4% in September, according to the Labor… Source
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