IE Business Daily Business news for the Inland Empire.
The U.S. economy added 228,000 jobs in November, slightly less than it added October, the U.S. Department of Labor announced Friday.
Despite that gain, the nation’s unemployment rate remained at 4.1 percent, a 17-year low, the department reported.
The hiring was broad-based, with gains posted in healthcare, manufacturing and business services, among other categories.
Average weekly pay was up 3.1 percent year-over-year, while average hourly pay increased by 2.5 percent.
The Trump Administration immediately took credit for the report.
“We’re especially pleased to see the manufacturing sector roar back to life, adding a total of 159,000 jobs since President Trump took office after averaging a loss of more than 1,000 jobs per month during the last year of the previous administration,” a White House statement read. “As we continue to unleash the American economy from unnecessary regulation and taxes, we look forward to seeing more reports like this.”
