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November US jobs report shows labor market is flourishing
November's jobs report shows the American labor market is still flourishing with strong employment and wage growth — alongside workers flooding into the labor force. Why it matters: The penultimate payrolls release of 2023 shows that the economy skirted recession fears, underpinned by a strong labor market. • Jobs growth is cooler than earlier this year, but it's still humming along — allowing more Americans to reap the benefits of still somewhat tight conditions. What they're saying: The data "showed that across all key metrics — nonfarm payrolls, wages, the unemployment rate, the participation rate, and ... (full story)