Labor Department releases closely watched November jobs report
U.S. job growth rebounded in November with strong payroll gains after the lackluster October jobs report reflected labor disruptions due to hurricanes and union strikes.
The Labor Department on Friday reported that employers added 227,000 jobs in November, beating the prediction made by LSEG economists.
The unemployment rate ticked higher to 4.2%, up from 4.1% a month ago and also in line with expectations.
The number of jobs added in the prior two months were both revised higher, with job creation in September revised up by 32,000 from a gain of 223,000 to 255,000, while October was revised up by 24,000 from a gain of 12,000 to 36,000.
Private sector payrolls added 194,000 jobs in November, just shy of the 200,000 estimated by LSEG economists.
The manufacturing sector saw employment rise by 22,000 jobs in November.
