US gains a robust 266,000 jobs; unemployment falls to 3.5%

CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs. The unemployment rate dipped to 3.5% from 3.6% in October, matching a half-century low, the Labor Department reported Friday. And wages rose a solid 3.1% in November compared with a year earlier. Investors cheered the report, sending the Dow Jones industrial average up 325 points in mid-day trading. November's healthy job gain runs against a widespread view that many employers are either delaying hiring until a breakthrough in the U.S.-China trade war is reached or are struggling to find workers with unemployment so low. The pace of hiring points to the
Subscribe or log in to read the rest of this content.