US Hiring Rebounds After Slump On Hurricanes, Strike [Barron's]
ZipRecruiter, Inc. Class A (ZIP)
Company Research
Source: Barrons
The world's biggest economy gained 227,000 jobs in November, up from a revised 36,000 in October, said the Department of Labor. The overall jobless rate ticked up to 4.2 percent from 4.1 percent. The rise in hiring was likely due to a return of Boeing workers and others who had gone on strike, and came as the cumulative impact of hurricanes Helene and Milton faded. There was probably also a temporary increase in retail employment during the holiday season, EY senior economist Lydia Boussour said in a recent note. Last month "employment trended up in health care, leisure and hospitality, government, and social assistance," said the Labor Department. But the retail trade sector lost jobs, the department added in a report. The hiring figure was above a market consensus expectation of 200,000 according to Briefing.com. Average hourly earnings rose more than expected too from a month prior, by 0.4 percent to $35.61. From the same period a year ago, wages were up 4.0 percen
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