The US economy added 199,000 jobs in November, up from the previous month

08.12.2023
08.12.2023

The US economy added 199,000 jobs in November, up from the previous month, as striking auto workers and Hollywood actors returned to work.

The unemployment rate fell 3.7% from 3.9% in October.

Economists surveyed by Bloomberg expected job growth to be 185,000, with the unemployment rate holding steady from the previous month at 3.9%.

Here are the key numbers compared to Bloomberg estimates:

Number of jobs in the non-farm sector: 199,000 vs. forecast +185,000 (+150,000 previously)

Unemployment rate: 3.7 vs. estimate of 3.9% (previously 3.9%).

Average monthly hourly earnings: 0.4% vs. forecast +0.3% (previously +0.2%).

Average annualized hourly earnings: 4.0 vs. forecast +4.0% (previously +4.1%).

Average number of hours worked per week: 34.4 vs. 34.3.

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