Economy's Soft Landing Comes Into View as Job Growth Slowly Descends - The Wall Street Journal

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The U.S. economy added 199,000 jobs in November, the Labor Department reported, the latest sign of a cool-down in the labor market. Photo: Matt Rourke/Associated Press

A gradual cooling of the still-solid labor market extended into November, renewing optimism the economy is still on a glide path

for a soft landing.

Employers added a seasonally adjusted 199,000 jobs last month, the Labor Department reported Friday, slower than earlier in the year but consistent with gains before the pandemic. When excluding the effects of auto-worker strikes in recent months, November’s job gain was roughly 169,000, slightly cooler than 180,000 in October. Most recent hiring occurred in two big sectors: healthcare and the government.