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Washington: US jobs recorded a remarkable and unexpected improvement in November, despite efforts to calm the economy, while the unemployment rate remained stable and wages rose somewhat, according to what the government announced Friday.
The numbers are a bit of a relief for officials who are struggling to control inflation, which is the highest in decades, amid fears of entrenched price hikes.
The world’s largest economy added 236,000 jobs in November, according to data from the Ministry of Labor, while the unemployment rate remained at 3.7 percent.
The average hourly earnings of workers in the private sector increased by 18 cents to $32.82.
Over the last 12 months, wages have increased by 5.1 percent.
And while tightening monetary policies usually leads to job losses, economists confirmed that companies seem reluctant to lay off employees they have struggled to find.