US added 64K jobs in Nov., delayed report shows
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A deeper look at the federal jobs data reveals trends in teen and Black unemployment, factory jobs and lopsided sector breakdowns that could spell trouble.
Data will cover two consecutive months due to disruption caused by the shutdown.
November’s job report may be distorted as a result of the government shutdown, limiting how much it will influence the Federal Reserve’s next interest rate decision in January.
The government shutdown put the jobs report behind schedule. This week’s release will bring data on October and November, though some information will be missing.
The U.S. labor market is showing further signs of cooling, as the latest jobs report indicates that unemployment has risen to its highest level in four years. There was some good news as payrolls climbed by 64,
The jobs data showed that the labor economy remains stable, though the stableness is arguably sector specific. Read what investors need to know.
The Houston area economy could cool next year, according to a new jobs forecast. Experts say, however, that job growth is still expected.
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