Publicado: Sol, Diciembre 10, 2017
Negocios | By Lorenzo Cobo

228000 jobs added in November, signaling strong growth

228000 jobs added in November, signaling strong growth

U.S. job growth increased at a strong clip in November and wages rebounded, painting a portrait of a healthy economy that, analysts say, does not require the kind of fiscal stimulus that President Donald Trump is proposing.

But wage growth was slow and weaker than expected, suggesting that many Americans are still on the sidelines of the full-time jobs market. The gain from a year earlier followed a downwardly revised 2.3 percent advance for October.

Retail also had a strong month ahead of the busy holiday-shopping season, adding 18,700 jobs even as thousands of brick-and-mortar stores are being closed.

"Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016", the agency's acting Commissioner William J. Wiatrowski said of the report.

"The November jobs report was generally positive, with solid, broad-based employment gains", said Doug Duncan, chief economist for Fannie Mae.

The private sector added 221,000 jobs in November, led by a notable increase in education and health services (+54,000), professional and business services (+46,000), trade, transportation & utilities (+32,000) and manufacturing (+31,000). Yun noted that 17 million jobs have been added since 2010, and the current numbers of employed exceed the pre-recession period by around 10 million.

The unemployment rate remained near a 17-year low of 4.1%. Nonetheless, payroll increases have been slowing the past few years, albeit in orderly fashion, as the labor market tightens. "Now imagine the possibilities if we had better public policies to support manufacturing: Reciprocal trade, investments in infrastructure, workforce development and strong R&D".

Results for both September and October were revised. The net gain for September and October after the revisions totaled 3,000 jobs.

Average hourly US earnings rose five cents or 0.2% in November after dipping 0.1% the previous month.

The Bureau of Labor Statistics data was closely watched by Wall Street and policymakers; the Federal Reserve is all but guaranteed to raise the interest rate at its meeting next week.

Wages rose by 5 cents to $26.55 hourly in November.

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