The U.S. economy rebounded in November, adding 227,000 jobs despite unemployment rising to 4.2%, the Labor Department reported Friday.
The new numbers surpassed October’s gain of 36,000 jobs, with hourly wages rising 0.4%, but the job market is showing signs of a gradual slowdown.
According to one economist, the increase in the unemployment rate against job and income gains could trigger a new cut in interest rates this month.
Majority of those positions have some basis on government based spending.