The US job market returned to well being final month after a storm- and strike-constrained October, with a strong advance in payrolls serving to to mood considerations of a worsening slowdown in labor demand.
Nonfarm payrolls elevated 227,000 final month following an upwardly revised 36,000 achieve in October, in accordance with Bureau of Labor Statistics figures launched Friday. For the reason that figures have been uneven these days, economists are maintaining a tally of payrolls progress over the previous three months, which averaged 173,000.
The unemployment fee edged increased and wages rose by greater than forecast.
For extra on the information, Tom Keene and Paul Sweeney communicate with Claudia Sahm, Chief Economist at New Century Advisors, and Sarah Wolfe, Senior Economist and Strategist at Morgan Stanley.
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