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U.S. adds 155,000 jobs in November, unemployment flat at 3.7%

WASHINGTON (MarketWatch) – The U.S. generated a solid 155,000 new jobs in November, keeping the economy on track in 2018 to produce the most new jobs in three years. Economists polled by MarketWatch had expected a gain of 190,000 nonfarm jobs, however. The unemployment rate remained at a 49-year low of 3.7% for the third straight month. The average wage paid to American workers rose 0.2% to $27.35 an hour, the Labor Department said Friday. The 12-month rate of hourly wage gains was unchanged at 3.1%, though it’s still the highest level in more than nine years. Hours worked each week dipped 0.1 hour to 34.4 hours. The government said 237,000 new jobs were created in October instead of 250,000. September’s gain was lifted slightly to 119,000 from 118,000.

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