US adds 211,000 jobs in November, down from 298,000 jobs in October; unemployment at 5%

A job seeker holds an application while waiting in line to enter a career fair. PHOTO: BLOOMBERG

NEW YORK - US employers added 211,000 jobs last month down from a revised 298,000 in October, the Department of Labour said on Friday.

The unemployment rate held steady at 5 per cent, in news that is unlikely to confirm an upcoming US interest rate hike later this month.

Janet Yellen, the chair of the Fed, said earlier this week that the economy has "recovered substantially" from the Great Recession.

Economists had expected 200,000 jobs would be created in November, and that the unemployment rate would stay at 5 per cent.

Join ST's Telegram channel and get the latest breaking news delivered to you.