The final US jobs report of 2016 saw 178,000 new jobs added, very close to economists’ expectations of 180,000 for November. A rate hike from the Federal Reserve later this month depended on numbers sticking close to those predictions; now, it is all but certain. November saw about 19,000 new jobs in food service, while home care added 2,200 and retail lost 8,300. Retail jobs had fallen in October; this month they fell further to about 16m. The US unemployment rate has steadily declined during the Obama administration The US unemployment rate has steadily declined during the Obama administrationMany workers still can’t make ends meet even with multiple jobs.

Source: The Guardian December 02, 2016 14:00 UTC