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Good news in November jobs report

by Rachel Lynn Aldrich
Posted 12/06/19, 11:57 am

U.S. employers added 266,000 jobs in November, raising hiring to its highest level since January. Wages rose 3.1 percent compared to a year earlier, and unemployment matched the 50-year low set in September at 3.5 percent.

What drove the jump in hiring? The month saw a one-time boost of 40,000 jobs when General Motors autoworkers returned to work following strikes. The U.S. Department of Labor didn’t count those workers as employed during the work stoppage. Excluding those jobs, factories added 13,000 jobs. Retailers added 2,000 jobs for the holiday season, while transportation and warehousing firms added fewer than 16,000 positions.

Dig deeper: Read Marvin Olasky’s review of books dealing with the challenges and opportunities of the modern American economy.


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Rachel Lynn Aldrich

Rachel is an assistant editor for WORLD Digital. Follow Rachel on Twitter @Rachel_Lynn_A.

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  • OldMike
    Posted: Fri, 12/06/2019 04:23 pm

    Someone please explain something to me:

    There are more jobs, wages are up, unemployment is down, the stock market has gained through out the year. 

    Yet I see news stories on MSM that declare Trump’s  economy is doing terrible!  Recession!  Or, we are nearing recession!  Doom and gloom!  I know they can’t be wrong!  They are smart, they have pundits!

    Or maybe, the MSM is just a bunch of poor pitiful Trump Derangement Syndrome sufferers.

     

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