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Job Creation Surges as US Brushes off Global Slowdown

Job Creation Surges as US Brushes off Global Slowdown

The U.S. pumped out a huge 321,000 new jobs in November, brushing off a global economic slowdown with the best number in nearly three years, the Labor Department has said.

The surprise surge, some 90,000 jobs more than economists had predicted for the month, was broad-based, with job pickups in retail, office positions, construction and healthcare, and no particular help from government hiring.

Revisions to the two previous months added another 44,000 positions to the rolls of the employed, further attesting to resilience in the U.S. economy even as China slows and Europe battles the threat of stagnation.

Read more on job creation on IndustryWeek.

IndustryWeek is an NED companion site within Penton's Manufacturing & Supply Chain Group.

 

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