Another strong jobs report

Unemployment remains at 4.1 percent

NEW YORK (CNNMoney) - The American economy continues its strong performance.

Employers added 228,000 jobs in November, while the the unemployment rate remained at a 17-year low of 4.1%, the government reported Friday.

The report also showed that on average weekly paychecks increased by 3.1% over the last 12-months, the first time that reading has topped 3% in nearly seven years. But much of that gain came from Americans working longer hours, as the average hourly pay did not increase by quite as much.

Those working part-time because they couldn't find a full-time job decreased, another bit of good news for job seekers.

Even some battered sectors, such as retail reported strong growth as retailers added 18,700 beyond their normal seasonal hires, the best month for the sector since January.

The jobs report echoes other signs of strength: The economy grew 3.3% in the most recent quarter, the best since 2014, and the stock market is at record levels.


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