Job growth slightly abated in November alongside rising interest rates but reflected stronger-than-expected hiring momentum, even as worries of a recession grow.
The Labor Department released the monthly jobs report for November at 8:30 a.m. ET on Friday. Here are the highlights, compared to Wall Street estimates compiled by Bloomberg:
-
Non-farm payrolls: +263,000 vs. +200,000 expected
-
Unemployment rate: 3.7% vs. 3.7% expected
-
Average hourly earnings, month-over-month: +0.6% vs. +0.3%…
Source link
