Payrolls in U.S. Rise; Jobless Rate Falls to 4.6% – Bloomberg

U.S. hiring picked up in November and the unemployment rate tumbled to a nine-year low while wages unexpectedly declined, providing a mixed picture of progress in the labor market.The 178,000 gain followed a 142,000 rise in October that was less than previously estimated, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for a 180,000 advance. The jobless rate fell to 4.6 percent from 4.9 percent as people entered the labor force and found jobs, though the overall par

Source: Payrolls in U.S. Rise; Jobless Rate Falls to 4.6% – Bloomberg

%d bloggers like this: