US jobs growth slows dramatically despite record streak

US jobs growth slows dramatically despite record streak
 

America’s record breaking streak of job creation appears to be slowing. The Labor Department announced the US had added 155,000 in November, well below last month’s figures and economists’ forecasts.
November was the 98th consecutive month of growth in hiring, the longest streak of jobs growth since records began. But the pace of hiring slowed dramatically last month. The US added 250,000 jobs in October and economists had expected 198,000 new jobs to be added this month.
The unemployment rate remained at 3.7%, a low unseen since 1969, and the US is still adding around 200,000 jobs a month.... read more

 
7 December 2018 in Business, Views: 40
Source: Guardian
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