For the 74th consecutive month, the U.S economy has added considerably to the job market. The November jobs report shows the economy adding 178,000 jobs, making this the 74th consecutive month of Jobs creation under President Obama.
It’s the lowest rate since August 2007.
Unemployment has been at or below 5% for nearly a year as more people have returned to the job market and hiring has maintained momentum.
November was the 74th consecutive month America added jobs.
“The positive momentum we’ve seen in the labor market is continuing as 2016 comes to a close,” says Sam Bullard, senior economist at Wells Fargo.
Wages rose 2.5% in November from a year ago, though that marked a slight slowdown from October.
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