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U.S. Adds Below-Forecast 155,000 Jobs as Wage Gain Misses

  • Monthly earnings increase 0.2%, compared with 0.3% forecasts
  • Unemployment rate holds at 3.7%, lowest level since 1969
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U.S. Adds 155,000 Jobs in November, Jobless Rate Holds Steady at 3.7%
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U.S. jobs and wages rose by less than forecast in November while the unemployment rate held at the lowest in almost five decades, indicating some moderation in a still-healthy labor market.

Nonfarm payrolls increased by 155,000 after a downwardly revised 237,000 gain in the prior month, a Labor Department report showed Friday. The median estimate in a Bloomberg survey called for an increase of 198,000. Average hourly earnings rose 0.2 percent from the prior month, compared with forecasts for 0.3 percent, though wages matched projections on an annual basis, up 3.1 percent for a second month.