The US economy added a robust 263,000 jobs in November



Minneapolis
CNN Business

The US economy added 263,000 jobs in November, defying aggressive action from the Federal Reserve to cool the economy and bring down decades-high inflation.

The unemployment rate held steady at 3.7%, according to the latest monthly jobs snapshot from the Labor Department, released Friday morning.

Economists surveyed by Refinitiv had expected the pace of hiring to slow to a gain of only 200,000 jobs in October and the unemployment rate to remain flat at 3.7%.

This story is developing and will be updated.



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