00:00It's Benzinga bringing Wall Street to Main Street.
00:02Non-farm payrolls increased by 64,000 in November, beating expectations after a sharp slump in
00:08October, CNBC reported. According to delayed data from the Bureau of Labor Statistics,
00:14the unemployment rate rose to 4.6 percent, its highest level since September 2021 and above
00:20forecasts. A broader unemployment measure that includes discouraged and involuntary part-time
00:25workers climbed to 8.7 percent, the highest since August 2021. Government employment drove
00:32October losses as deferred layoffs took effect, with payrolls down 162,000. August and September
00:39figures were revised lower. Healthcare led November gains with 46,000 jobs, followed by construction
00:45and social assistance, while transportation, warehousing, and leisure lost jobs. Average
00:51hourly earnings rose 0.1 percent for the month and 3.5 percent year-over-year.
00:56For all things money, visit Benzinga.com.
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