US Economy Adds 227,000 Jobs in November Amid Labor Market Rebound

The US economy added 227,000 jobs in November, surpassing expectations and rebounding from a weak October affected by hurricanes and a Boeing strike. Despite the job growth, the unemployment rate rose slightly to 4.2%. The data, released ahead of the Federal Reserve's December meeting, supports the likelihood of a third consecutive interest rate cut, as analysts see a gentle deceleration in labor market momentum without significant inflationary pressure. The Fed aims for a 'soft landing' to manage inflation without triggering a recession.