Nonfarm payroll jobs rose 155,000 in November, down from 250,000 in October, while the rate of unemployment remained at 3.7 percent for the third straight month, the Bureau of Labor Statistics reported. In November, the number of jobless workers was 6.0 million workers versus 6.1 million in October.
November’s jobs report could be a harbinger of slower growth due to the U.S. and China imposing retaliatory import tariffs. That conflict is on pause now, though existing tariff impacts on businesses and consumers continue.