Employers added 64,000 jobs in November, but unemployment rate jumps to highest in 4 years
Updated on: December 16, 2025 / 10:20 AM EST / CBS News
TL;DR
- U.S. employers added 64,000 jobs in November, exceeding economists' forecasts.
- The unemployment rate increased to 4.6% in November, the highest since September 2021.
- October data showed a loss of 105,000 jobs, primarily in the federal workforce.
- Job growth for August and September was revised downwards by 33,000.
- Economic uncertainty, tariffs, and AI are causing employers to slow down hiring.
- The Federal Reserve may view the October and November employment data with skepticism due to disruptions from the government shutdown.
- The December employment data, released in early January, is expected to be a more meaningful indicator for the Fed's policy decisions.