US hiring rebounds in wake of GM strike - CNN

The US unemployment rate fell slightly to 3.5%. That matches a 50-year low also reached in September of this year.

The report shows a continuation of the strong labor market of recent years. It marks the 21st straight month that the unemployment rate has been at or below 4%, a level generally considered to represent full employment. And thanks to the strong labor market, workers have been able to make some progress on wages, which are up 3.1% over the last 12 months. Wage increases have averaged 3% or greater every month since August 2018.

The manufacturing sector added 54,000 jobs in November, offsetting a decline in October related to nearly 50,000 General Motors workers who were then on strike.

But the job increases were widespread across the US economy. Health care had a big gain, up 45,000, as did the leisure and hospitality industry, which also added 45,000 jobs.

— This is a developing story.

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https://news.google.com/__i/rss/rd/articles/CBMiRmh0dHBzOi8vd3d3LmNubi5jb20vMjAxOS8xMi8wNi9lY29ub215L25vdmVtYmVyLWpvYnMtcmVwb3J0L2luZGV4Lmh0bWzSAUpodHRwczovL2FtcC5jbm4uY29tL2Nubi8yMDE5LzEyLzA2L2Vjb25vbXkvbm92ZW1iZXItam9icy1yZXBvcnQvaW5kZXguaHRtbA?oc=5

2019-12-06 13:52:00Z
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