"Some of the story in November is post-hurricane bounce back," Ernie Tedeschi, the director of economics at the Budget Lab at Yale, wrote on X. Tedeschi emphasized that while job additions were substantial in November, the effects of October's hurricanes and strikes had previously clouded the overall picture of job growth. The upward revisions to previous months highlighted the normalizing of the labor market following significant disruptions.
"All of the trends continue to tell a story of such a consistently strong economy," Julie Su, the acting secretary of labor, told Business Insider. This statement underscores the resilience of the U.S. economy, referring to steady wage growth alongside a decline in inflation, which indicates a continued balance in economic indicators despite fluctuations in job growth.
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