BREAKING: US economy added robust 266,000 jobs in November.
monthly jobs total of 128,000
Prior to Friday's figures, the economy had added 1.67 million jobs so far in 2019, the lowest total in the past nine years. The average monthly total for 2019 was at 167,000. While nowhere near as robust as last year's monthly average of 233,000, it is well above the 100,000 required per month to keep pace with growth in the working population.
That lower jobs number also reflects continued uncertainties due to President Donald Trump's monthslong trade war with Beijing. That tit-for-tat over intellectual property rights and trade imbalance has led to stalled investment, reduced capital spending, and reluctance in hiring among multinational American businesses and those with exposure to China.
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