TSP Talk Blog

Jobs growth soars in November as payrolls surge by 266,000

KEY POINTS

Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.

The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.

The end of the GM strike had a big effect, boosting employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing.

Average hourly earnings rose by 3.1% from a year ago, slightly above the 3% expected by economists polled by Dow Jones.

https://www.cnbc.com/2019/12/06/us-n...mber-2019.html