US employment growth slowed in November

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The US non-farm sector in November increased the number of employed by 155 thousand, slowing growth rates compared with an increase of 237 thousand in October. Experts had expected growth rate of 200 thousand jobs. The lowest level of employment in 8 months was recorded in the construction industry, due to colder than usual weather. Construction companies created in November only 5 thousand jobs against 24 thousand in October. The manufacturing industry has increased the number of jobs by 27 thousand. The average hourly wage rose by 0.2% compared to October. Its growth in annual terms was 3.1%. Economists believe that the data for November may affect plans to raise interest rates of the Federal Reserve System in 2019. According to their estimates, instead of two raises, rates can be raised once.

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