Employers added 266,000 jobs in November and the jobless charge fell to a 50-year low of three.5%, matching September’s degree, the Labor Division stated Friday. Wages superior 3.1% from a 12 months earlier. The Wall Road Journal studies:

The U.S. job market strengthened in November, as hiring jumped and unemployment fell, including gas to the financial growth.

The stronger tempo of hiring might assist juice up the broader U.S. economic system, which continues to be increasing however at a slower tempo than final 12 months. U.S. inventory futures and government-bond yields rose Friday after the information was launched.

Hiring was robust in well being care, eating places and transportation jobs. In November, producers added 54,000 jobs, 41,000 of which have been in auto manufacturing. Common Motors Co. employees, who have been on strike in October, helped drive the bounceback.