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New jobs report shows that the economy is steady but wages are lagging

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The new jobs report for November showed that employers added 155,000 jobs to the US economy and the unemployment remained the same at 3.7 percent.
Employers added 155,000 jobs to the US economy in November — far fewer than the 198,000 new positions economists had expected, according to the latest jobs report from the Bureau of Labor Statistics. The unemployment rate held steady at 3.7 percent.
Both figures are a sign that the US economy is strong and continues to expand, even with weaker job growth. It means that most Americans don’t have to worry much about finding a job. The problem that remains, however, is that US workers haven’t seen their paychecks get any bigger.
In November, private sector workers (excluding farmworkers) got an average 6-cent hourly raise, adding up to an average hourly pay of $27.

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