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Economy Adds Disappointing 155,000 Jobs; Retail Holds Steady

Employers in the United States saw disappointing job growth numbers as the economy contends with a volatile stock market and renewed fears from the country’s trade war with China.
Although unemployment held steady at its 49-year-low of 3.7 percent, the Bureau of Labor Statistics reported that the U.S. added only 155,000 jobs in November, marred by widespread worker shortages and subsequent slow hiring. The figures were short of the 199,000 jobs expected by Wall Street.
The numbers were just as bleak in the retail sector, which changed little with a gain of 18,000 jobs. A boost in general merchandise and miscellaneous store retailers categories — with 39,000 jobs and 10,000, respectively — were offset by declines in clothing and clothing accessories stores (14,000 jobs lost), electronics and appliance stores (minus 11,000) as well as the sporting goods stores division (also a decline of 11,000).
The labor force participation rate stayed the same at 62.9 percent last month, with average hourly earnings rising by 6 cents to $27.35. Over the year, those earnings have increased by 81 cents, or 3.1 percent.
The weaker-than-anticipated numbers come after monthly job increases that have averaged more than 200,000. It also follows a November report from the Labor Department

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Via:: https://footwearnews.com/2018/business/retail/jobs-report-november-2018-economy-retail-1202715673/