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November's Employment Situation

On December 8, the Bureau of Labor Statistics (BLS) reported that total nonfarm payroll employment increased by 228,000 in November. The unemployment rate held steady at 4.1 percent, as did the labor force participation rate, which remained at 62.7 percent. The largest sector gains occured in professional and business services (+46,000), manufacturing (+31,000), and healthcare (+30,000). See the full release here.

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