November jobs report 'blows away' expectations
The U.S. economy added 266,000 jobs in November, the Labor Department said Friday, coming in far ahead of expectations.
Analysts had been anticipating around 180,000 jobs being added, The New York Times notes.
"This blows away expectations," CNN's Christine Romans reported, while The Washington Post's Phillip Bump tweeted that he "said 'whoa' out loud" when he saw the number.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Hiring reached its highest level since January, as unemployment fell from 3.6 percent in October to 3.5 percent in November, The Associated Press reports. Average hourly earnings rose 0.2 percent, up 3.1 percent from last year.
The New York Times writes the report "offered a counterpoint to renewed anxieties about an escalating trade war and a weakening global economy," noting tens of thousands of General Motors workers returning after a strike helped boost the hiring totals.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
JD Vance wades into choppy religious waters about wife UshaTHE EXPLAINER By emphasizing his hope that the Second Lady convert to Christianity, the Vice President of the United States is inviting controversy from across the religious spectrum
-
One great cookbook: ‘My Bombay Kitchen’The Week Recommends A personal, scholarly wander through a singular cuisine
-
Is AI to blame for recent job cuts?Today’s Big Question Numerous companies have called out AI for being the reason for the culling
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
