US Unemployment Rate Fell to 3.7% in November
Employment in the United States for immigrants Photo: iStock
TL;DR
- The U.S. unemployment rate fell to 3.7% in November, down from October.
- 199,000 new jobs were created in November, an increase from the 150,000 created in October.
- The return of auto industry workers from strikes contributed significantly to November's job creation.
- Average hourly earnings increased by 0.4% in November.
- This employment data will be a key factor for the Federal Reserve's upcoming decision on interest rates.
- Sectors with notable job gains include healthcare, public employment, and leisure and hospitality.
- The retail sector saw a decrease in employment.