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The U.S. economy added lower-than-expected 155,000 jobs in November, with the unemployment rate unchanged at 3.7 percent, the lowest level in nearly five decades, the U.S. Bureau of Labor Statistics said on Friday.

In a news release, the U.S. Bureau of Labor Statistics on Friday that most job gains were seen in the healthcare, manufacturing, professional and business services, and transportation and warehousing sectors. First, what it calls the U-6 unemployment rate: It measures total unemployment, including discouraged and underemployed workers.

Some 2.3 million jobs have been created so far this year-the most in a year since 2015.

Still, manufacturers added 27,000 jobs last month.

Average hourly earnings rose six cents, or 0.2 percent in November. The average hourly pay rose 3.1 percent from a year ago, matching the previous month's figure-the best since 2009.

Hiring fell to 155,000 net new positions in November while the gain in October was revised down to 237,000, the Labor Department reported. And hiring at last month's pace would make it easier for the Federal Reserve to slow its interest rate increases, which investors worry are weighing on the economy.

The economy is expanding at a healthy pace, but rising trade tensions between the USA and China, ongoing interest rate increases by the Federal Reserve and weakening global growth have roiled financial markets.

Investors, however, are mostly focused on where the economy is headed.

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"This is the sort of jobs report that manages to both calm folks at the Fed a bit - no, we're not right on the cusp of overheating - while also continuing the narrative of robust ongoing jobs growth that will, if it continues, keep bringing unemployment down", said Justin Wolfers, a economist at the University of MI. So far in 2018, the economy has added at least 100,000 jobs every month and is on track to do so for a full calendar year for just the second time since 2000.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, rose two-tenths of a percentage point to a five-month high of 7.6 percent. The normal week's worth of work tumbled to 34.4 hours from 34.5 hours in October. They are anxious that the U.S.

The housing market, though, has stumbled this year as the Fed's rate hikes have contributed to sharply higher mortgage rates.

Stocks have been hurt by uncertainty whether a 90-day truce agreed by U.S. President Donald Trump and Chinese President Xi Jinping over the weekend will hold and lead to a lasting easing of trade tensions between the world's two largest economies.

"This is a solid report as we head into the holiday season, highlighting a year of growth for our country", said Rep. Kevin Brady, Texas Republican and chairman of the House Ways and Means Committee.

Retailers added 18,000 jobs in November.

"The outlook for next year is for slower hiring, but not a halt in job creation", Hamrick said.


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