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Washington: US jobs saw a large and unexpected improvement in November despite efforts to calm the economy, while the unemployment rate remained stable and wages rose slightly, the government announced on Friday.
The numbers are some relief for officials who are struggling to control inflation, which is the highest in decades, amid fears of steep price hikes.
The world’s largest economy added 236,000 jobs in November, according to data from the Ministry of Labour, while the unemployment rate remained at 3.7%.
The average hourly wage of workers in the private sector increased by 18 cents to $32.82.
Over the past 12 months, wages have increased by 5.1%.
And while tightening monetary policies usually leads to job losses, economists have confirmed that companies appear reluctant to lay off employees they have struggled to find.
