228000 jobs added in November, signaling strong growth

228000 jobs added in November, signaling strong growth

Those figures, which are preliminary and could be revised, were released alongside a provisional report from BLS that the broader U.S. economy gained 228,000 nonfarm jobs in November, while the nation's unemployment rate remained unchanged at 4.1 percent.

According to the latest report, the "travel arrangement and reservation services" sector, which the BLS counts under "professional and business services", lost about 900 jobs from October to November.

"Overall, today's report supports our view that domestic demand has regained momentum late in the year, setting up the economy for a more upbeat 2018 than we previously anticipated", Duncan said.

Average hourly US earnings rose five cents or 0.2% in November after dipping 0.1% the previous month. Fed officials have already signaled that they will raise the federal funds rate by a quarter percent, and have penciled in at least three incremental increases next year. Some structural forces, including changes in the labor-force makeup between high-income and low-income earners and lower labor-market turnover, are likely keeping wage growth slow. Restaurants and bars, which had showed bigger swings in the prior two months due to the storms, added 18,900 workers in November.

Steady household demand and a pickup in business investment - backed by elevated consumer and business sentiment and improving global demand - bode well for U.S. employment.

He was less impressed with the gains in home-construction employment, where there have been shortages, however. The manufacturing unemployment rate fell to a record low.

White House Press Secretary Sarah Huckabee Sanders applauded the numbers as a sign that "President Trump's bold economic vision continues to pay off".

- Manufacturing payrolls rose by 31,000; construction added 24,000, matching highest since February; retailers boosted staff by 18,700; hiring in leisure and hospitality rose by 14,000.

- Private employment rose by 221,000 (median estimate 195,000) after increasing 247,000; government payrolls increased by 7,000.