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November sees job gains, but hiring may be slowing down

  • Total nonfarm payroll rose by 227,000 in November, with unemployment rising slightly to 4.2%.
  • Economists caution against too much optimism, stating that the job market is experiencing a continued slowdown.
  • Growing slack in the market is observed, which cannot be fully attributed to demographic shifts.
  • The future of labor depends on the approach of the new administration entering the White House in January.

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