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Bureau Of Labor Statistics: US Added 228,000 Jobs In November. (12/12/2017)

The AP (12/8) reported that the Labor Department announced Friday that “US employers added a substantial 228,000 jobs in November, a sign of the job market’s enduring strength in the economy’s ninth year of expansion, and the unemployment rate held at a 17-year low of 4.1 percent.” The Friday jobs report “made clear that the US economy is on firm footing and is likely benefiting from more resilient global growth, with all major economies across the world expanding in tandem for the first time in a decade.” The AP also noted that US economic growth “exceeded an annual rate of 3 percent” over the past six months, the first time in three years that has happened. Indeed Chief Economist Jed Kolko is quoted saying, “It’s a surprisingly strong report given the age of the recovery. After 86 months, we’re still seeing strong payroll gains.”

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