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The latest jobs report released by the U.S. Department of Labor on December 8th reveals a continued strong economy, adding 199,000 jobs in November. This number slightly exceeded expectations, boosting optimism about the economic outlook.
The report also shows a decline in the unemployment rate to 3.7 percent, marking a new low for the current economic cycle. This represents a significant improvement from the peak unemployment rate of 14.8 percent reached in April 2020 during the COVID-19 pandemic.
The positive job growth was observed across various sectors, with notable gains in leisure and hospitality (55. . .
