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- U.S. unemployment rate remains unchanged at 5.0% in November, 211,000 jobs are added
U.S. unemployment rate remains unchanged at 5.0% in November, 211,000 jobs are added
The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 211,000 jobs in November, exceeding expectations for a rise of 200,000 jobs, after a gain of 298,000 jobs in October. October's figure was revised up from a rise of 271,000 jobs.
The increase was partly driven by a rise in construction, professional and technical services, and health care. Health care sector added 32,200 jobs in November, professional and business services sector added 27,000 jobs, while construction added 46,000.
The manufacturing sector lost 1,000 jobs in November, while mining sector shed 11,000 jobs.
The U.S. unemployment rate remained unchanged at 5.0% in November, in line with expectations.
Average hourly earnings rose 0.2% in November, in line with forecasts, after a 0.4% increase in October.
The labour-force participation rate increased to 62.5% in November from 62.4% in October.
These figures indicate that the Fed will likely raise its interest rate this year.
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