CNBC
December 8, 2017
The U.S. economy created 228,000 jobs in November while the unemployment rate held steady at 4.1 percent, according to a Labor Department report Friday.
Economists surveyed by Reuters had expected nonfarm payrolls to grow by 200,000.
A more encompassing measure of joblessness that includes discouraged workers and those holding part-time positions for economic reasons moved up one-tenth to 8 percent. The ranks of those not in the labor force edged higher by 35,000 to 95.4 million.
Wall Street also was watching wage data closely. Average hourly earnings were estimated to rise 0.3 percent for the month or 2.7 percent for the year, and the final results disappointed in that regard.
Earnings rose 0.2 percent for the month and 2.5 percent for the year.
This article was posted: Friday, December 8, 2017 at 9:55 am
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