The United States added 263 thousand jobs in November and the unemployment rate remains at 3.7%

Image of a sign for a job fair on 5th Avenue in Manhattan, New York (REUTERS / Andrew Kelly / File) (ANDREW KELLY /)

The unemployment in the United States did not register changes in November and the rate remained at 3.7%some six million people, according to data published this Friday by the Bureau of Labor Statistics (BLS, in English).

In November, 263,000 new jobs were created2,000 more than during October, at a time when all eyes are on the effects that interest rate rises may be having on the labor market to contain the inflation.

According to the latest official data, US inflation fell again in Octoberfor the fourth consecutive month, and placed its interannual rate at 7.7%five tenths less than in September.

All this after the Federal Reserve (Fed) has made six consecutive interest rate hikes to control prices to a range between 3.75 and 4%, a level not seen since 2007.

Some increases that, according to experts have alerted, could have effects on the labor market and that they will continue at least until the end of the year, the Fed announced, since a new rate hike is expected in December.

A person walking past a sign offering employment at a tool store in Cambridge, Massachusetts (REUTERS/Brian Snyder/File)
A person passing in front of a sign offering employment in a tool store in Cambridge, Massachusetts (REUTERS / Brian Snyder / File) (Brian Snyder /)

The data known today, however, shows that these effects are not taking place notably for the moment. Since March, the BLS recalls, the unemployment rate has been in a similar range, between 3.5 and 3.7%.

In addition, the agency points out, the increase of 263,000 jobs in November is in step with average growth during the previous 3 months (282,000).

However, the data is lower than the average monthly job growth for 2022, which stands at 392,000 jobs created. And much lower than the 562,000 monthly jobs that were registered on average in 2021.

By sectors, in November there were notable increases in employment in leisure and hospitality, health care and public administrations, especially local ones. By contrast, employment fell in retail trade and transport.

(With information from EFE)

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