November Jobs Increase More Than Expected

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A recent report from the U.S. Department of Labor showed that 266,000 jobs were created in November, which was more than expected.

“The November jobs report vastly outpaced predictions, with 266,000 jobs created,” said U.S. Secretary of Labor Eugene Scalia. “With 41,000 jobs in upward revisions for September and October, 6.6 million total jobs have been created since January 2017. The unemployment rate of 3.5 percent matched the September 2019 rate, a level that has not been achieved since 1969. November 2019 marks the 21st consecutive month in which the unemployment rate has been at or below 4 percent.

“Year-over-year wages have grown at or above 3 percent for 16 straight months,” Scalia continued. “It is encouraging to see sectors like retail and leisure and hospitality leading wage growth. … Today’s report shows the economy continues to flourish. But we must continue to seek more expansion and opportunities for all Americans – and a critical step in that direction is enactment, now, of the U.S.-Mexico-Canada agreement.”

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