America’s Job Market Gets Tighter, as Wage Drop Seen as Blip
- Number of involuntary part-time workers lowest since 2008
- Steady job gains leave Fed on track for interest-rate boost
A Deep Dive Into the U.S. November Jobs Report
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Almost any way you slice it, things are getting tighter in the U.S. labor market, which should translate to faster pay gains for American workers in 2017.
Employers in the U.S. stepped up hiring in November, adding 178,000 workers to payrolls, and the jobless rate unexpectedly tumbled 0.3 percentage point to a nine-year low of 4.6 percent, a Labor Department report showed Friday. The number of involuntary part-time workers dropped to an eight-year low and the so-called underemployment rate was the smallest since April 2008.