WORLD US hiring tops expectations in November as wages pick up


US hiring tops expectations in November as wages pick up


22:03, December 02, 2022

A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia, US, June 3, 2022. (Photo: CFP)

US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday.

The figures provide little relief to officials who have been fighting to tamp down decades-high inflation amid concerns that high costs could become entrenched.

The world's biggest economy added 263,000 jobs in November, Labor Department data showed, and the unemployment rate remained at 3.7 percent.

Average hourly earnings for private sector workers rose 18 cents to $32.82.

Over the last 12 months, wages have grown 5.1 percent.

While policy tightening is ordinarily expected to lead to job losses, economists have noted that firms are reluctant to shed workers they struggled to find.

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