Oct. And Nov. Jobs Report
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The latest federal jobs report reveals rising unemployment among Black workers, disappearing factory jobs and lopsided growth in the health care sector.
The federal government is set to release an unusual jobs report on Tuesday, combining data from two consecutive months due to disruption caused by the 43-day government shutdown. The weeks-delayed report will offer the latest snapshot of the U.S. economy in an uneasy period bedeviled by a hiring slowdown and an uptick of inflation.
November’s job report may be distorted as a result of the government shutdown, limiting how much it will influence the Federal Reserve’s next interest rate decision in January.
1don MSN
Employers added 64,000 jobs in November, but the unemployment rate jumps to highest in four years
Employers across the U.S. added 64,000 jobs in November, beating economists' forecasts, new government data shows, even as fresh October figures revealed a loss of 105,000 jobs, a sign the labor market remains under pressure. The unemployment rate in November rose to 4.6%, the highest level since September 2021.
President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom.
Slide in oil prices weighs on energy shares
The jobs data showed that the labor economy remains stable, though the stableness is arguably sector specific. Read what investors need to know.