Jobs Report Shows Rebound in November While Unemployment Rises

The US job market returned to health last month after a storm- and strike-constrained October, with a solid advance in payrolls helping to temper concerns of a worsening slowdown in labor demand.

Nonfarm payrolls increased 227,000 last month following an upwardly revised 36,000 gain in October, according to Bureau of Labor Statistics figures released Friday. Since the figures have been choppy lately, economists are keeping an eye on payrolls growth over the past three months, which averaged 173,000.

The unemployment rate edged higher and wages rose by more than forecast.

For more on the data, Tom Keene and Paul Sweeney speak with Claudia Sahm, Chief Economist at New Century Advisors, and Sarah Wolfe, Senior Economist and Strategist at Morgan Stanley.
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