New York (CNN Business) The US labor market appears to be back on track. The initial reading for October had showed a sharp drop in hiring, raising concerns about the continued strength of the job market. Meanwhile, the unemployment rate fell slightly to 3.5% in November. The report shows a continuation of the strong labor market of recent years. And thanks to the strong labor market, workers have been able to make some progress on wages, which are up 3.1% over the last 12 months.

Source: CNN December 06, 2019 13:35 UTC