U.S. unemployment hits four-year high as job market cools

U.S. unemployment rises to 4.6%, signaling labor market cooling despite November job gains and economic concerns.

The U.S. unemployment rate climbed to 4.6% in November, marking its highest level in more than four years and signalling a cooling labour market. Despite job gains during the month, broader trends suggest increasing pressure across the economy.

While 64,000 jobs were added in November, the U.S. has now shed jobs in three of the past six months. Federal government employment also fell sharply, adding to concerns about economic momentum heading into the end of the year.

With businesses showing caution around hiring, the latest data raises fresh questions about the resilience of the U.S. labour market and what comes next for workers and employers alike.

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