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US economy added 227,000 jobs in November

Rise in unemployment rate bolsters case for Federal Reserve rate cut this month
The jobs report is one of the final big data releases the US Federal Reserve will consider before deciding at its December 17-18 meeting whether to proceed with a third consecutive interest rate cut

The US economy added 227,000 jobs in November, a sharp rebound after the previous month’s total was dragged down by hurricanes and the Boeing strike.

Friday’s number, published by the Bureau of Labor Statistics, beat a consensus forecast of 200,000 by economists surveyed by Reuters. The unemployment rate rose 0.1 percentage point to 4.2 per cent.

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