The labour market recovery in the United States appeared to downshift sharply in November, with the economy adding only 210,000 jobs, the US Department of Labor said on Friday. But while that disappointing number fell far short of most analysts’ expectations, the full jobs market picture was more encouraging than the headline number suggests.The nation’s unemployment rate fell by a healthy 0.4 percentage points last month to 4.2 percent, as it closes in on its pre-pandemic level of 3.5 percent.Even more encouraging, the jobless rate edged down as the labour force participation rate – which measures people who have a job as well as those who are actively looking for work – ticked up to 61.8 percent.
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