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Economics

Payroll Gains in U.S. on Track for Best Year Since 2005

Job growth in November was probably strong enough to keep payroll gains on track for the best year since 2005, economists said before a report today.

Employers added 185,000 workers last month after taking on 204,000 in October, based on the median forecast of 89 economists in a Bloomberg survey before today’s report from the Labor Department. The unemployment rate dropped to 7.2 percent, matching an almost five-year low, from 7.3 percent as federal employees returned to work, according to the survey median.