U.S. Economy Adds 227,000 Jobs In November ... unemployment rate edged up to 4.2 percent

[mystery-ak]

U.S. Economy Adds 227,000 Jobs In November

John Carney 6 Dec 2024

Employers in the United States added 227,000 workers to their payrolls in November, the Department of Labor said Friday, and the unemployment rate edged up to 4.2 percent.

Economists had been expecting 215,000 after storms and strikes saw the Labor Department report a much-worse-than-expected growth of just 12,000 in October. They had also forecast that the unemployment rate would rise one-tenth of a point from 4.1 percent.

The October report was revised up by 24,000, bringing the estimate up to 36,000. The September jobs number was revised up by 32,000, from a gain of 223,000 to 255,000.

Private sector payrolls expanded by 194,000, close to the 200,000 expected. Retail trade lost 28,000 jobs, suggesting softer than usual seasonal shopping hiring. Warehousing and transportation added a slight 3,400 jobs.

Leisure and hospitality employment increased by 53,000, more than average for this year. Health care added 54,000, in line with hiring throughout this year. Government employment rose by 33,00, including 20,000 in state and local government.

Manufacturing employment grew by 22,000, close to the 25,000 expected. In the prior month, manufacturing employment fell by 48,000.

more
https://www.breitbart.com/economy/2024/12/06/u-s-economy-adds-227000-jobs-in-november/

[GtHawk]

What kind of jobs were added, seasonal jobs that will disappear the first of the year, lots of people forced to take part time jobs in addition to their current ones to make ends meet(so not actually new workers)? How many of those jobs are new federal employees that we really don’t need? And how many of those new jobs are people that ran out of unemployment benefits and are only going to work long enough to re qualify? The democrats have trained a whole new generation of slackers who leach off of the productive.

[mountaineer]

The "jobs added" number probably will be quietly revised downward in a few weeks.