As usual, a closer look at the U.S. Labor Department jobs report for November shows things aren't as rosy as they first seem...
First, the big news. The jobs report showed employers added 321,000 jobs last month, crushing consensuses estimates of 230,000.
But it's far from "all clear" on the jobs front - here's why...
The unemployment rate dipped below 6% for the first time in six years, as the U.S. Department of Labor reported today (Friday) that employers added 248,000 new jobs in September. The gains took the unemployment rate down to 5.9% from August's 6.1% and beat consensus estimates of 215,000.
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The August jobs report was disappointing indeed, missing estimates by a whopping 83,000.
Last month employers added the fewest jobs in eight months, the U.S. Department of Labor reported Friday. Payrolls increased by an uninspiring 142,000 in August, handily missing the median forecast for an increase of 230,000.
But that headline number wasn't even the worst part of the report...
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U.S. job growth slowed more than expected in July, resulting in an unexpected rise in the unemployment rate, according to the July jobs report just released today (Friday) by the U.S. Department of Labor.
After surging (a revised) 298,000 in June, nonfarm payrolls increased by 209,000 last month. The unemployment rate ticked up to 6.2% from 6.1%.
Here are 12 key takeaways from the closely watched July jobs report…
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