Economy Jobs

321,000 Jobs Added in November, Exceeding Expectations

Where are the jobs? The jobs are here.

via Bloomberg

The 321,000 advance in payrolls followed a 243,000 increase in October that was stronger than previously reported, Labor Department figures showed today in Washington. The November gain exceeded the most optimistic projection in a Bloomberg survey of economists. The jobless rate held at a six-year low of 5.8 percent and average hourly earnings rose 0.4 percent, the most since June of last year.

The 321,000 jobs added during the month of November is the highest number of jobs added in a single month since January of 2012.

Numbers for September and October were also revised upward by 44,000