(AP Photo/Steven Senne) ASSOCIATED PRESSAmerican employers added 266,000 jobs in November, far above the 180,000 expected by economists, while the unemployment rate fell to 3.5%, matching a 50-year low. Average hourly earnings for private sector nonfarm employees continued their upward trend, rising by 7 cents per hour to $28.29. The previous two months’ nonfarm jobs estimates were also revised upward by 41,000, with September’s estimate increased from 180,000 jobs to 193,000 and October’s increased from 128,000 to 156,000. In what has appeared to become a monthly tradition, analysts warned of a slowdown in the jobs market. Mark Zandi, the chief economist at Moody’s Analytics, said, “The job market is losings its shine.” Zandi noted that, “Manufacturers, commodity producers, and retailers are shedding jobs.

Source: Forbes December 06, 2019 15:00 UTC