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

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 to 4.2% from 4.6%.

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

Categories: National News