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

David Zalubowski/AP

FILE - A traveller wheels her baggage past a now hiring sign outside a bar and restaurant Saturday, Oct. 9, 2021, in Sioux Falls, S.D. America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the lowest monthly gain in nearly a year. Friday, Dec. 3 report from the Labor Department also showed that the nation's unemployment rate tumbled from 4.6% to 4.2% evidence that many more people reported that they had a job. (AP Photo/David Zalubowski)

By: Associated Press

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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%.

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

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