US hiring stayed strong in November as employers add 263,000
US hiring stayed strong in November as employers add 263,000
By CHRISTOPHER RUGABER | AP Economics Writer
WASHINGTON — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes.
The economy added 263,000 jobs, while the unemployment rate stayed 3.7%, still near a 53-year low, the Labor Department said Friday. November’s…
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