WASHINGTON (AP) — The U.S. unemployment rate fell to a nine-year low of 4.6 percent last month, though not for the best reason: Many of the unemployed gave up looking for work.
Employers added a solid 178,000 jobs in November, nearly matching the average monthly gains this year. Those gains point to the steady economic growth that President-elect Donald Trump is poised to inherit.
Average hourly pay slipped, however, after a solid gain the previous month. Pay has increased at only a modest pace in the past year.
The report’s mixed signals illustrate the challenges facing Trump: On the surface, steady job gains and a low unemployment rate suggest the economy is healthy. But weak pay increases and fewer Americans working or looking for work point to longer-term challenges.
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Trump: “See ? just being elected, brought the unemployment rate down !”
Nah, this explains why Hillary won such a smashing victory, even exceeding Obama’s numbers in Pennsylvania, Michigan and Wisconsin. Political parties don’t lose the WH when they have saved the country from economic collapse and brought renewed prosperity to so many.
Yea but that would only be 177K if Trump hadn’t bribed…er I mean talked to Carrier!
EDIT: Interesting comparison
And speling!
it’s not the spelling, it’s the typing…