U.S. economy added 534,000 private-sector jobs in November
This is the third straight month of job gains above 500,000. The data may offer a preview of the Labor Department’s monthly employment report to be released Friday. Economists are forecasting another strong job report in November. According to the Wall Street Journal survey, economists anticipate a gain of 573,000 jobs last month after 531,000 jobs were added in October. The unemployment rate is expected to inch lower to 4.5% from 4.6% in the prior month.
By company size, large businesses added 277,000 private-sector jobs in November while medium businesses, defined as firms with 50 to 499 employees, added 142,000 jobs. Small businesses added 115,000 jobs.
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