Employers added 227,000 jobs in November as the labor market improved

The U.S. was forecast to add 200,000 jobs last month, according to economists surveyed by financial data firm FactSet. The unemployment rate was expected to hold steady at 4.1 percent.

While jobs rebounded last month, the overall job market has been weakening in recent months under pressure from the Federal Reserve’s tight monetary policy, with the central bank raising borrowing rates to a 23-year low to combat inflation. I have reached my highest point. It is also It’s taking too long For millions of Americans out of work to find new jobs, that signals cracks within a once-hot labor market as employers continue to contend with the effects of higher borrowing costs.

An end to labor disputes in October, including a strike at Boeing Machinery, could have boosted job growth by about 40,000, Goldman Sachs analysts said in a report released ahead of the jobs report.

-This is breaking news and will be updated.