US continues to add jobs in key sectors
Last week the November Jobs Report showed that the US economy had added another 263,000 jobs, with the overall unemployment rate remaining constant at 3.7%.
Like October, the number of jobs added was higher than many expected, considering how quickly the Federal Reserve has moved to increase interest rates. The US central bank expects unemployment to hit 3.8% by the end of December, and to reach that target, fewer jobs would need to be created this month.
What sectors added the most jobs?
1. Leisure and hospitality: +88,000 jobs, the majority of which were added in the food service sector (62,000).
2. Healthcare: +45,000
3. Government: +42,000.