U.S. Job Growth Slows Down Significantly in November at 210,000
U.S. job growth in November came in at 210,000 v.s. 573,000 expected.
The U.S. nonfarm payrolls were way below expectations in November, coming in at 210,000 for the month, compared to 573,000 jobs expected and 546,000 jobs from the previous month, reported the Labor Department Friday. Meanwhile, the unemployment rate fell sharply from 4.6% to 4.2%.
Initial unemployment claims for the week ended on November 27 stood at 222,000 compared to 240,000 forecast