US gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6%

The November job gains came in higher than the 40,000 economists had forecast. The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of fiscal year 2025 on September 30 under pressure from billionaire Elon Musk’s purge of US government payrolls.

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