{"id":5222,"date":"2018-12-07T19:22:05","date_gmt":"2018-12-07T19:22:05","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-jobs-growth-slows-in-november\/"},"modified":"2018-12-07T19:22:05","modified_gmt":"2018-12-07T19:22:05","slug":"us-jobs-growth-slows-in-november","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-jobs-growth-slows-in-november\/","title":{"rendered":"US jobs growth slows in November"},"content":{"rendered":"\n
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US jobs growth was weaker than expected last month, a slowdown that analysts blamed partly on a tight labour market.<\/p>\n

Employers added 155,000 jobs, with health care, manufacturing and transportation firms driving the growth, the Labor Department said.<\/p>\n

The gains kept the unemployment rate unchanged at 3.7%, near record lows, according to the report.<\/p>\n

The average hourly pay for private sector workers increased at an annual rate of 3.1%.<\/p>\n

November’s gains marked a slowdown from the roughly 200,000 jobs the US economy has added on average each month over the last year.<\/p>\n

The Labor Department also said employers had added 12,000 fewer positions in September and October than previously estimated.<\/p>\n

Paul Ashworth, chief US economist for Capital Economics, said Friday’s employment report may add to the nervousness that has hit financial markets in recent weeks.<\/p>\n

However, he felt that the jobs growth was “still a solid gain that suggests economic growth is gradually slowing back towards its potential pace”. <\/p>\n

“There is nothing here to suggest the economy is suffering a more sudden downturn.”<\/p>\n

With the unemployment rate already low, economists have predicted that job creation will decelerate as businesses have a harder time finding workers.<\/p>\n

Forecasts also call for economic growth to slow over the next year, as a boost from new tax cuts and increased government spending starts to fade.<\/p>\n

“We view today’s decent employment report as a realignment of payrolls with the underlying trajectory of the economy,” Oxford Economics analysts said in a research note.<\/p>\n

The Federal Reserve is still widely expected to raise interest rates at its regular meeting this month, moving forward with its fourth rate rise this year. <\/p>\n

But analysts said the cooling labour market signalled in this report may convince officials to move more slowly in 2019.<\/p>\n<\/p><\/div>\n


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Image copyright Getty Images US jobs growth was weaker than expected last month, a slowdown that analysts blamed partly on a tight labour market. Employers added 155,000 jobs, with health care, manufacturing and transportation firms driving the growth, the Labor Department said. The gains kept the unemployment rate unchanged at 3.7%, near record lows, according … <\/p>\n","protected":false},"author":0,"featured_media":5223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5222"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5223"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}