U.S. adds 228,000 jobs in November; unemployment flat at 4.1%

• December 8, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The U.S. created 228,000 jobs in November in another sign the economy is running at full tilt. Economists had predicted a 200,000 increase in nonfarm jobs. The unemployment rate stayed the same at 4.1%. Wages rose 0.2%, or 5 cents, to an average of $26.55 an hour, the government said Friday. Worker pay increased 2.5% from November 2016 to November 2017, up from 2.3% in the prior month. The average workweek rose 0.1 hour to 34.5 hours. October job gains were trimmed to 244,000 from 261,000. The increase in jobs in September, a month when hiring was hurt by major hurricanes, was raised to 38,000 from 18,000.