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US Gains Robust 266,000 Jobs; Unemployment Falls to 3.5%

Associated Press

   WASHINGTON - Hiring in the United States jumped last month to its
   highest level since January as U.S. employers shrugged off trade
   conflicts and a global slowdown and added 266,000 jobs.

   The unemployment rate dipped to 3.5% from 3.6% in October, matching a
   half-century low, the Labor Department reported Friday. And wages rose
   a solid 3.1% in November compared with a year earlier.

   Investors cheered the report, sending the Dow Jones industrial average
   up more than 300 points in late-morning trading.

   November's healthy job gain runs against a widespread view that many
   employers are either delaying hiring until a breakthrough in the
   U.S.-China trade war is reached or are struggling to find workers with
   unemployment so low. The pace of hiring points to the resilience of the
   job market and economy more than a decade into the U.S. economic
   expansion -- the longest on record.
   

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