Solid US hiring lowers unemployment rate in sign of sturdy job market
WASHINGTON D.C.: Officials in Washington D.C. were optimistic about the US economy this week, after releasing figures indicating that U.S. businesses added 199,000 new jobs in November.
With this increase in jobs, the US unemployment rate fell from 3.9 to 3.7 percent. This drop triggered hopes that US inflation is heading towards returning to 2 percent, without causing a steep recession.
Officials further