Figures for October that got Trump all excited where actually LOWER then presented by the his Labor Department last month as I expected….
The U.S. economy added 155,000 jobs in November, less than the 195,000 expected, while the unemployment rate held at 3.7%, a half-century low, the Labor Department said on Friday. Wages grew 3.1% year-over-year — the same pace as in October.
Between the lines: The job market remains strong, but the pace of job growth slowed in November as compared to the average monthly gain of 209,000 jobs in the past year. However, as Justin Wolfers, an economics professor at the University of Michigan points out, “this pace of expansion is more likely sustainable.”