Hiring remains strong as employers add 263,000 in November

According to new data from the U.S. Bureau of Labor Statistics, employers in the U.S. added 263,000 employees in November, a sign of economic resilience in the face of stubborn inflation. The unemployment rate stayed at 3.7%, still near a 53-year low, and November’s job growth dipped only slightly from October’s 284,000 gain. As inflation surges and the Fed has imposed ever-higher borrowing rates, America’s labor market has added hundreds of thousands of jobs, month after month.