The Fed’s path to a ‘Goldilocks’ economy just got a little more complicated
As far as jobs reports go, November's wasn't exactly what the Federal Reserve was looking for.
November unemployment fell for Hispanic workers and Black women, while holding steady overall
The U.S. unemployment rate remained unchanged at 3.7% in November.
Here’s where the jobs are for November 2022 — in one chart
Service sector categories showed strong growth in November, while other areas lost jobs.
Payrolls rose by 263,000 in November, more than expected despite Fed rate hikes
Nonfarm payrolls were expected to increase by 200,000 in November, according to Dow Jones estimates.
Key inflation measure that the Fed follows rose 0.2% in October, less than expected
The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.