Job Growth Cools in November as Unemployment Rate Edges Down
- New jobless claims rose by 12,000 last week to 218,000, indicating cooling labor market
- Continued unemployment claims increased, suggesting those out of work having trouble finding jobs
- November saw 199,000 new jobs added, up from 150,000 in October
- Unemployment rate fell moderately to 3.7% in November
- Fed expected to end interest rate hike campaign amid slower job growth and milder inflation
