Nonfarm payrolls climbed by 266,000 and the unemployment rate dipped to 3.5%, according to the latest data from the Department of Labor. The fugures are better than economists predicted. The unemployment rate matched the 2019 low, which is also the lowest since 1969.
Gad Levanon, head of the Conference Board’s Labor Market Institute, said the November jobs report “squashed any lingering concerns about an imminent recession in the U.S. economy.”
