The US economy added 64,000 jobs in November as the unemployment rate crept up to 4.6%, according to Labor Department data published Tuesday.

The unemployment rate is now at its highest level since September 2021.

The November jobs report, originally scheduled to be published Dec. 5 before the 43-day government shutdown delayed multiple economic data releases, comes as Americans stress over rising layoffs and a frozen job market that can feel impossible to break into. Tuesday’s report suggested those conditions persisted toward the end of the year.

Economists surveyed by Bloomberg had expected a gain of 50,000 jobs. The healthcare sector, which has fueled job growth this year, added 46,000 positions for the month.

"The US economy is in a hiring recession," Heather Long, chief economist at the Navy Federal Credit Union, wrote in a post on X.

"Almost no jobs have been added since April," Long added. "Wage gains are slowing. 710,000 more people are unemployed now versus November 2024."

The last official reading of the labor market, published in November, was pushed back by several weeks and had only offered data for September, showing an unexpected uptick in jobs after the economy actually lost jobs in August and June, marking the first negative employment months since 2020.

https://finance.yahoo.com/news/unemployment-rate-hit-4-year-high-in-november-even-as-economy-added-jobs-133749371.html