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  • Lydia DePillis

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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy

Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.

U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.

The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.

Job Openings Rose in September Despite Higher Interest Rates

The labor market has remained stronger than expected even as the Federal Reserve has tried to get inflation under control.