The U.S. economy added 199,000 jobs in November, exceeding expectations and signaling that businesses are still hiring despite signs of a slowing economy. The unemployment rate declined to 3.7%, the lowest rate since 1969, and average hourly earnings increased by 0.4% for the month and 4% from a year ago. The strong job growth and low unemployment rate are positive signs for the economy, but the Federal Reserve will be closely watching the data to determine the best course of action.
