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  • Writer's picturePete

November Jobs Report Disappoints

Nonfarm payrolls increased by 245,000 in November, down from 610,000 in October.

The total was below the Wall Street estimate of 440,000.

Unemployment decreased to 6.7%, meeting expectations.

Job gains were concentrated in warehousing as well as professional and business services. Retail jobs fell ahead of the holiday shopping season

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