China News Agency, Washington, December 2 (Xinhua) The U.S. Department of Labor released data on the 2nd that the U.S. added 263,000 new jobs in the non-agricultural sector in November, and the unemployment rate was 3.7%, which was unchanged from the previous month.
The number of new jobs created in the United States fell slightly in November from the previous month.
As of that month, the average monthly number of new jobs in the United States in 2022 was 392,000.
The gains in November came mainly from leisure and hospitality, health care and government hiring.
Employment fell in retail, transportation and warehousing.
"The big question now is, how long can the strong labor market last in the context of the Fed raising interest rates?" The Wall Street Journal analyzed that the November employment data showed that the US labor market has begun to show signs of differentiation.
The negative growth of the retail and warehousing industries during the holiday shopping season reflects the impact of inflation on commodity consumption from the side.
Specifically, the leisure and hospitality sector added 88,000 jobs.
It was also the only industry that hired more than 50,000 workers in November.
The health care industry added 45,000 jobs, and the government sector added 42,000 jobs.
In contrast, the retail industry lost 30,000 jobs, and the transportation and warehousing industry lost 15,000 jobs.
Bloomberg News noted that the November jobs report was "not encouraging" for the Fed.
The labor shortage that has plagued U.S. companies since the start of the pandemic intensified in November, pushing up wage gains further.
In November, the average hourly wages of U.S. employees rose 18 cents from the previous month to $32.82, a year-on-year increase of 5.1%.
The Associated Press commented that the strength of job and wage growth against a backdrop of high inflation is worrisome, meaning the Fed may have to keep federal interest rates high even longer than many had expected .
(Finish)