Strong US job growth in November bolsters economy's outlook

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Dan North, chief economist at Euler Hermes, an global credit insurance company, said the rising demand for workers at firms across the country lately isn't enough to significantly increase paychecks.

September's figures, after being reported in the negative after the storms rose to 38,000 from 18,000.

"Wage growth was the big disappointment", Wright said. Since November 2016, manufacturing employment has increased by 189,000.

Workers' average hourly earnings, meanwhile, grew by 5 cents, up 2.5 percent from this time past year, according to the Bureau of Labor Statistics.

The number of jobs added to the economy in November exceeded 2017's monthly average. Many returned to work in October, inflating that month's report. Instead, the Labor Department's tally showed 228,000 jobs added to public and private, non-farm payrolls.

The average workweek rose to 34.5 hours in November, the longest in five months, from 34.4 hours in October.

According to Market Watch, although unemployment remained unchanged at 4.1 percent, that rate is almost a 17-year low.

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"A six-minute increase in the work week does not sound like much, but given the size of the labor market, it turns out to be significant in terms of output", said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in NY. They largely flocked back in October, accounting for much of the month's larger-than-usual job growth (261,000).

The agency said that employment "continued to trend up" in fields such as professional and business services, manufacturing, and health care.

Unemployment rate is the lowest since 2000.

Employment gains in October were boosted by the return to work of thousands of employees who had been temporarily dislocated by Hurricanes Harvey and Irma.

But he said the concerns about sluggish wage growth would not deter the US Federal Reserve from raising interest rates again at its meeting next week, pulling rates away from the unusually low levels seen during the financial crisis.

Some say wage growth is being understated. Macy's said this month it would hire an additional 7,000 temporary workers for its stores to deal with heavy customer traffic in the run-up to Christmas.

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