Salem Radio Network News Sunday, February 25, 2024


US employers added a solid 199,000 jobs in November in sign of a still-sturdy labor market


( ) -q-18- UNDATED (Correspondent Jeremy House) “a steep recession.”

The nation’s employers added 199,000 jobs last month and the unemployment rate fell.

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Out-cue: a steep recession]

TAG: Correspondent Jeremy House reporting. The November gain was a reminder that many employers continue to hire, though last month’s increase was inflated by the return of about 40,000 formerly striking auto workers and actors, who were not at work in October but returned in November.

VERBATIM: The Labor Department showed that the unemployment rate dropped from 3.9% to 3.7% in November. The figures are fresh signs that the economy could achieve an elusive “soft landing.” Should that occur, inflation would return to the Federal Reserve’s 2% target without causing a steep recession.

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