US firms keep hiring, easing worries of weakening economy
December 6, 2019
WASHINGTON (AP) — American businesses have complained for years that they can't find the workers they need to fill available jobs. November's robust hiring gain suggests that at least some have found a way to do so.
With the unemployment rate now at a half-century low of 3.5%, many economists have also warned that hiring would soon slow simply because there are fewer unemployed workers available.
That day may still come, but it didn't in November. Employers added 266,000 jobs last month, the most since January. Monthly hiring has, in fact, picked up since earlier this year: It averaged 205,000...
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