The U.S. economy added 266,000 jobs in November, smashing economists' expectations of 187,000 and turning in the best jobs growth number since January 2019.
Unemployment dropped to 3.5%, matching 2019's low — which was the lowest rate since 1969 — and beating economists' expectations of 3.6%.
Tony Bedikian, head of global markets for Citizens Bank, said:
"This is a blowout number and the U.S. economy continues to be all about the jobs. The unemployment rate is at a 50-year low and wages are increasing. Business owners may be getting more cautious due to trade and political uncertainty and growth may be slow, but consumers keep spending and the punch bowl still seems full."
А в Канаде, ведомой левоватым премьер министром, далеко не всё в порядке:
The Canadian economy revealed a slump on Friday as the jobs report indicated a sharp downward spike, with the country losing 71,200 jobs last month — its biggest drop since 2009 — while unemployment surged to 5.9%.
The loss was felt in both goods- and service-based jobs. Economists were expecting a gain of 10,000 jobs for the month.