US adds 199,000 jobs in November, higher than estimates

By Ovunc Kutlu

ISTANBUL (AA) – The US economy added 199,000 jobs in November, higher than market estimates, the Labor Department announced on Friday.

The market expectation for nonfarm payrolls was to show a gain of 180,000 in November.

Job additions for October were unrevised at 150,000 according to data from the Bureau of Labor Statistics.

The unemployment rate, however, fell to 3.7% in November, from 3.9% in October.

The market estimate for the figure was to come in at 3.9%.

The number of unemployed people, in addition, fell to 6.3 million last month, from 6.5 million the month before, according to the Labor Department.