The U.S. economy finished the year with an aggressive hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.
The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China, and modest overall growth at home.
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent15
16:32 Employers added solid 178,000 jobs in Nov11
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff17
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase11