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November jobs report shows strong bounce-back from October slowdown [Video]

The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost momentum from the 2021-2023 hiring boom.

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls.

Last month’s hiring growth was up considerably from a meager gain of 36,000 jobs in October. The government also revised up its estimate of job growth in September and October by a combined 56,000.

Friday’s report from the Labor Department report also showed that the unemployment rate ticked up from 4.1% in October to a still-low 4.2%. Hourly wages rose 0.4% from October to November and 4% from a year earlier — both solid figures and slightly higher than forecasters had expected.

The November employment report provided the latest evidence that the U.S. …

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