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US jobless rate sinks to 4.2% as many more people find jobs

Economy-Jobs Report
Posted at 9:03 AM, Dec 03, 2021
and last updated 2021-12-03 12:06:03-05

WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding a still-solid 210,000 jobs, the fewest in nearly a year.

Friday’s report from the Labor Department also showed that the unemployment rate fell sharply from 4.6% to 4.2%

That is a historically low level though still above the pre-pandemic jobless rate of 3.5%.