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The rip-roaring American labor market slowed down a bit in November.
Nonfarm payrolls increased by 155,000 for the month, below economists’ estimates of 190,000. The unemployment rate stayed at 3.7 percent, matching the 49-year record low it hit in September and October.
Month - Economy - Jobs - Report
Last month, the economy created 2370,000 jobs, far above the 190,000 expected. That was revised down from the earlier report of 250,000.
Job creation has been a particularly strong suit for the economy. Last week, applications for unemployment benefits came in at 231,000, above from the 49-year low hit in September but still quite low by historical standards. Continuing claims, which are reported with a one week delay, fell 74,000 to 1,631,000 in the week ended November 24....
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