The U.S. economy showed surprising resilience in November with employers adding 147,000 payroll jobs. This performance was all the more impressive given the fact that more than 360,000 people with jobs reported not being at work because of bad weather in November. As today’s Hot Chart shows, the previous record for a month of November was just above 200,000.
This means that the underlying trend for job creation remains relatively healthy as we head into going into 2013. As a matter of fact, the Monster on-line help wanted index which leads total payroll employment by about three months, rose to a new cyclical high in November. As shown, this is good news for the U.S. economy. All we need now is for policymakers to stop dragging their feet on fiscal issues as to reduce economic uncertainty.
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U.S. Hiring Pace Maintained In Spite Of Sandy
Published 12/10/2012, 05:52 AM
Updated 05/14/2017, 06:45 AM
U.S. Hiring Pace Maintained In Spite Of Sandy
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