November jobs rebound adds 227000 in America
U S labor department data show November payrolls rising by 227000, a rebound after strikes and hurricanes reduced October hiring. Unemployment ticks to 4.2 percent as wages advance 0.4 percent month over month and 4 percent from a year ago, signaling durable but cooling labor demand amid high rates.
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Jobs Report Sparks Stock Rally Amid Mixed Data
U S stocks rose to records as the latest jobs data showed hiring beat expectations while the unemployment rate edged up to 4.2 percent. The S P 500 gained 0 2 percent while the Nasdaq hit a fresh high and the Dow dipped on a mixed signal for Fed rate cuts expected in December.
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Biden weighs preemptive pardons for aides and allies
President Biden weighs broad preemptive pardons to shield aides and allies from possible retaliation by Donald Trump. No decisions have been made but discussions have occurred among senior aides and White House lawyers. The move could set a new precedent for executive power and faces concern over political and legal consequences.
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