US economy beats expectations with 199,000 jobs added in November

Unemployment falls to 3.7%

Cristian Angeloni
clock • 2 min read

The US economy added 199,000 new jobs in November, exceeding market expectations of 180,000.

November's figure surpassed the 150,000 jobs added in October but remained behind September's 336,000. The data, published by the US Bureau of Labor Statistics today (8 December), revealed the biggest increases were registered in the government (49,000) and healthcare (77,000) sectors, alongside manufacturing (28,000), reflecting the "return of workers from a strike". US job vacancies drop to two-year low in October The unemployment rate slightly decreased to 3.7% over the month, while the number of unemployed people remained steady at 6.3 million. Yet the number of long-term un...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Consumer confidence dips for first time in three months

Consumer confidence dips for first time in three months

Higher than a year ago

Cristian Angeloni
clock 23 February 2024 • 2 min read
Fiscal rules 'close to meaningless' unless sensitivity to OBR forecasts is reduced

Fiscal rules 'close to meaningless' unless sensitivity to OBR forecasts is reduced

Trio of economists tell Treasury Committee

Cristian Angeloni
clock 22 February 2024 • 5 min read
Fed officials 'highly attentive' to inflation despite recent progress

Fed officials 'highly attentive' to inflation despite recent progress

Outlook is 'uncertain'

clock 22 February 2024 • 1 min read
Trustpilot