12/6/2019, 2:30 PM (Source: TeleTrader)
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US nonfarm payrolls grow by 266,000 in November

Nonfarm payroll employment in the United States rose by 266,000 in November, the US Bureau of Labor Statistics reported on Friday, beating the estimates that expected it to increase by 180,000. On the other hand, the unemployment rate was little changed, standing at 3.5%.

Health care employment added 45,000 jobs in November while manufacturing employment and employment in professional and technical services rose 54,000 and 31,000, respectively.

There were no significant changes in unemployment among major worker groups compared to October. Teenagers remained a social group with the highest unemployment rate with 12% while African-Americans' unemployment rate stood at 5.5% in November.

Breaking the News / GA