November 2022 was a good month for US job creation, with employers hiring 263,000 workers, according to the Labor Department. This was higher than the 200,000 US jobs analysts had forecast for the month. The Department of Labor also reported that the national unemployment rate was 3.7% in November, which is the lowest in five decades. Furthermore, people working in the USA were earning 5.1% more in average hourly wages during November 2022 compared with November 2021. The Leisure & Hospitality sector added 88,000 jobs in the USA during November, healthcare filled 45,000 positions and the Government hired 42,000 new employees. The Social Assistance sector produced 23,000 new jobs in America, the construction industry hired 20,000 workers, 19,000 Information Technology professionals found jobs in the US, and Manufacturing filled 14,000 roles in November. Demand for workers continues to exceed the supply, so many employers are offering higher wages to fill US job vacancies they have advertised. As a chief global strategist described it, the US job market is “hot, hot, hot.” On average, the economy has been creating about 392,000 jobs in America every month. To read more, click here!