The US economy added 321,000 jobs in
November, while the unemployment rate stayed
at 5.8%, official Labor Department figures show.
The number of jobs created was well above
analysts' forecasts of about 225,000 new jobs in
the month.
US employers have added at least 200,000 jobs
for 10 months in a row, the longest period of jobs
growth since 1995.
The number of jobs created has averaged 241,000
a month this year.
The Labor Department added that 44,000 more
jobs were created in September and October
combined than the government had previously
estimated.
But as in the UK, stronger job creation has yet to
lead to a significant increase in salaries.
Analysts said the US economy would continue to
improve, despite lower global growth
expectations.
They added that companies hiring temporary
workers for the winter holidays could be providing
a boost to the overall jobs figure,
The US economy is less dependent on exports
than Germany, China and Japan, but is more
reliant on domestic consumer spending.
Delivery firms have announced ambitious
recruitment plans. UPS has said it expects to add
up to 95,000 seasonal workers, up from 85,000
last year. FedEx plans to hire 50,000, up from
40,000.
The National Retail Federation estimates that
seasonal retail hiring could grow by about 4% to
as much as 800,000.
Most recent figures suggest Americans are buying
more cars, which is likely to keep factories busy
in coming months. Auto sales last month rose to
their second-fastest pace this year. Car sales are
on track to rise 6% this year from 2013.
The economy is expected to slow in the final
three months of the year to an annualised growth
rate of 2.5%, down from 4.3% from April to
September.
Meanwhile, the US trade deficit fell slightly in
October, as exports rebounded, while oil imports
dipped to the lowest level in five years.
The deficit edged down 0.4% to $43.4bn, as
against a revised $43.6bn in September, the
Commerce Department reported.
Exports climbed 1.2% to $197.5bn, recovering
after a September dip.
Imports also rose by 0.9% to $241bn, but that
increase was tempered by a 0.6% fall in imports
of petroleum, which dropped to the lowest level
since November 2009.

source m.bbc.com/news/business-30343932

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