US jobs growth beats forecasts in November, but wages fall short

The US jobs market continued generating jobs at a solid pace last month as accelerated hiring in mining and manufacturing offset a slowdown on the services side of the economy. However, the rate of growth in wages again fell short of economists' forecasts despite November being a 20-day month, which according to Ian Shepherdson at Pantheon Macroeconomics usually lifts the wage data. Total non-farm payrolls increased by 228,000 in November (consensus: 210,000), with 62,000 jobs being generated in ...

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