The U.S. economy added 266,000 jobs in November, while the unemployment rate dropped to 3.5%, according to Department of Labor data released Friday.
266,000 jobs were added in November, according to the Bureau of Labor Statistics report — about 138,000 more jobs than were added in October. The surge in jobs comes after a 40-day General Motors strike, “reflecting the return of workers from a strike,” according to the Bureau of Labor Statistics report. Their return added 41,300 to automaker payrolls.
November’s unemployment rate dropped back down to 3.5%, matching September’s unemployment rate, the lowest since December 1969. (RELATED: Unemployment Claims Hit 50-Year Low)