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US gained 199k jobs in November, jobless rate falls

  • The US unemployment rate fell to 3.7% from 3.9% last month, with employers adding 199,000 jobs.
  • The job market is decelerating, with hiring averaging just over 200,000 a month in the past three months, down from an average of about 320,000 last year.
  • Despite the positive economic figures, there are concerns about rising unemployment aid and the concentration of job gains in specific sectors.
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abc News broke the news in United States on Thursday, December 7, 2023.
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