In November, the US economy witnessed a notable increase in employment, adding 199,000 jobs. This growth marked a recovery from the previous month’s setback, which was largely attributed to an autoworkers strike.
The healthcare sector played a significant role in this upturn, contributing 77,000 new jobs. Additionally, there were employment gains in both the government and manufacturing sectors, indicating a broad-based improvement in the job market.
Accompanying this job growth, the national unemployment rate saw a decline, dropping to 3.7%. This decrease reflects a reduction in the number of Americans receiving unemployment benefits, signaling an overall strengthening of the labor market.
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