WASHINGTON — U.S. employers added a solid 178,000 jobs in November, reflecting the steady economy President-elect Donald Trump will inherit. And the unemployment rate hit a nine-year low of 4.6 percent, though mainly because many people stopped looking for jobs and were no longer counted as unemployed, the Associated Press reported.
Average hourly pay slipped after a solid gain the previous month. Pay has increased at only a modest pace in the past year.
The report's mixed signals illustrate the challenges facing Trump: Steady job gains and a low unemployment rate suggest that the economy is healthy; however, weak pay increases and fewer Americans working or looking for work point to longer-term challenges, the Associated Press reported.
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Source: Associated Press.
Average hourly pay slipped after a solid gain the previous month. Pay has increased at only a modest pace in the past year.
The report's mixed signals illustrate the challenges facing Trump: Steady job gains and a low unemployment rate suggest that the economy is healthy; however, weak pay increases and fewer Americans working or looking for work point to longer-term challenges, the Associated Press reported.
Click here to read more.
Source: Associated Press.
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