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International Business Times
International Business Times
Business
IBT Newsroom

Jobs Report Released: US Unemployment Continues to Climb Despite Promising Payroll Boost

U.S. employers added a modest number of jobs in November, but the unemployment rate climbed to its highest level in more than four years, signaling a labor market that continues to cool despite pockets of hiring.

Payrolls rose by about 64,000 jobs last month, according to data released Tuesday by the Labor Department. While the increase marked a return to job growth after losses in October, it fell well below the pace seen earlier in the year and was not enough to prevent unemployment from rising to 4.6 percent.

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