US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

The US added 263,000 jobs in November, the labor department announced on Friday, another strong month of jobs growth. The unemployment rate remained at 3.7%, close to a 50-year low.

Employers hired 284,000 new positions in October and 269,000 in September and the latest figures show hiring has remained resilient despite rising interest rates and the announcement of a series of layoffs at technology and real estate companies.