U.S. Job Market Rebounds with 227,000 Additions in November Amid Economic Resilience
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Dec 6, 2024
The U.S. job market added 227,000 jobs in November, rebounding from October's low and signaling ongoing economic resilience despite a slowdown from previous years. The unemployment rate rose slightly to 4.2%, while wages increased by 0.4% month-over-month and 4% year-over-year. The job market remains strong, supported by industry gains, though inflation concerns persist as the Fed prepares for another rate cut.
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