U.S. economy added 263,000 jobs in November, slightly less than in previous month

Posted by Joseph Weber | Dec 1, 2022 | Just The News | 0 |

https://justthenews.com/nation/economy/us-economy-added-263000-jobs-november-slightly-less-previous-month?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators

The U.S. economy added 263,000 jobs in November, and the national jobless rate remained at 3.7%, the Labor Department reported Friday.

Last month’s job growth was slightly less than the 284,000 gained in October, and the unemployment rate remained near its 53-year low, according to the Associated Press.

U.S. employers continued to hire amid high inflation and the Federal Reserve aggressively increasing interest rates, which has raised concerns about a recession and the need to keep staffing lean.