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U.S. Payrolls Growth Slowed in November While Jobless Rate Fell

  • Unemployment rate dropped to 4.2%, though payrolls lagged
  • Labor force participation rate edged higher to 61.8%
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U.S. Adds 210,000 Jobs, Unemployment Rate Falls to 4.2%
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U.S. job growth registered its smallest gain this year while the unemployment rate fell by more than forecast to 4.2%, offering a mixed picture that may nevertheless push the Federal Reserve to quicken the wind-down of pandemic stimulus.