Economy beat expectations with 228,000 new jobs, unemployment held at 4.1 percent in November
by Joseph Lawler | Dec 8, 2017, 8:31 AM
The economy added 228,000 new payroll jobs and unemployment held at 4.1 percent in November, the Bureau of Labor Statistics reported Friday.
Forecasters had expected 190,000 new jobs as the Texas and Florida economies continued to recover from the hurricanes that made September the worst jobs month in years.
Job creation easily exceed those expectations, showing that commerce remains resilient nearly nine years into the recovery. Hispanic unemployment hit a record low of 4.7 percent as the employment gains continued to mount across a range of industries.
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