Hiring in the United States Jumped to Highest Level
We see it all the time these days. I'm talking about help wanted signs. It seems like everyone is hiring because the job market has been booming.
According to WILX, hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.
The unemployment rate dipped to 3.5 percent from 3.6 percent in October, matching a half century low. And wages rose a solid 3.1 percent in November compared with a year earlier.
November's healthy job gain runs against a widespread view that many employers are either delaying hiring until a breakthrough in the U.S. China trade war is reached or are struggling to find workers with unemployment so low.
The steady job growth has helped reassure consumers that the economy is expanding and that their jobs and incomes remain secure.
Monthly job growth has in fact jumped since this summer, averaging 205,000 over the past three months, up from just 135,000 in July.