US unemployment hits four-year high, jobs report shows

 

• The Bureau of Labor Statistics has released its long-awaited data, showing mixed signals for the US jobs market

• The unemployment rate is at a four-year high of 4.6%, up from 4.4%

• Employers added 64,000 jobs in November, according to the report

• The unemployment data will be closely examined by the Federal Reserve, which has faced pressure from President Donald Trump to continue to cut interest rates

• The jobs report usually comes out on the first Friday of each month, but was delayed by the 43-day federal government shutdown

• Statistical agencies were left understaffed, forcing data collection to grind to a halt

Source:

bbc.com