Washington. The United States labor market recovered in November, creating 227,000 jobs, a figure higher than the 214,000 that economists expected.
Last month’s hiring growth was considerably higher than the modest increase of 36,000 jobs in October, when the effects of strikes and hurricanes were felt. Milton y Helene.
The government also revised upward its estimate for job growth in September and October with a combined total figure of 56 thousand.
The report released yesterday by the Department of Labor shows that the unemployment rate increased slightly from 4.1 percent where it remained in September and October, to 4.2 percent, a figure that is still low. Hourly wages rose 0.4 percent from October to November, and 4 percent from a year ago, both strong numbers and slightly higher than what experts had anticipated.
The rise in the unemployment rate is the latest evidence that the labor market remains resilient but has lost momentum since the hiring boom of 2021 to 2023, when the economy was recovering from the pandemic recession, raising expectations among economists that the central bank will lower the interest rate again at the meeting on the 17th and 18th of this month.