Hiring surged in November, with employers adding 321,000 jobs — the best month in nearly three years and the third best month since the end of the recession.
The unemployment rate kept steady at 5.8 percent, the Labor Department said yesterday.
A portion of the growth can be attributed to above-average seasonal hiring and consumers spending their savings from low gas prices, said Doug Handler, chief U.S. economist at IHS Global Insight in Lexington.
"But it shows the economy is still adding jobs at a fairly aggressive pace," said Handler, who forecast an acceleration in real gross domestic product from 2.2 percent this year to 2.7 percent in 2015.
Retailers added 50,200 jobs, about double the average over the past year, suggesting they are expecting above-average holiday sales, he said.
But the gains the Labor Department reported were not just from seasonal workers. Construction and manufacturing jobs were also up, as were jobs in business services and health care, while the numbers of long-term unemployed and of people working part time because they couldn't find full-time jobs fell.
"Now, not only are there more jobs, there are more full-time jobs," said Andre Mayer, senior adviser at Associated Industries of Massachusetts. "It won't take very much more growth for people who are willing and qualified to find a job readily."
Average hourly earnings for all employees increased by 9 cents — the best gain since January 2011 — although average hourly earnings growth among production and non-supervisory workers was a more typical 4 cents.
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