Home > economics, US News, USA > November nonfarm payrolls rise 228,000 vs. 200,000 est.

November nonfarm payrolls rise 228,000 vs. 200,000 est.

The U.S. economy created 228,000 jobs in November while the unemployment rate held steady at 4.1 percent, according to a Labor Department report Friday.

Economists surveyed by Reuters had expected nonfarm payrolls to grow by 200,000.

Wall Street also was watching wage data closely. Average hourly earnings were estimated to rise 0.3 percent for the month or 2.7 percent for the year, and the final results disappointed in that regard.

Earnings rose 0.2 percent for the month and 2.5 percent for the year.

Federal Reserve policymakers have been concerned over the lack of income growth, though they are still expected to raise the central bank’s benchmark interest rate a quarter point next week.

This is a breaking news story. Please check back here for updates.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: