Job creation surges as US brushes off global slowdown

The US unemployment rate held steady at 5.8 percentThe US economy turned in its best monthly performance for job creation in nearly three years in November, brushing off a global slowdown to pump out a huge 321,000 jobs. The surprise surge reported by the Labor Department Friday was some 90,000 jobs more than forecast, and was broad-based across the economy, with job pickups in retail, office positions, construction and healthcare, and no particular help from government hiring. The unemployment rate, which is based on a separate set of Labor Department survey data than job creation, held steady at 5.8 percent, the lowest level since July 2008, having shed 1.2 percentage points from a year ago.

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