about in terms of how consumers are spending their money is important. that played out in the november jobs report. where did we see the most jobs? leisure and hospitality? during the covid pandemic he were spending on money on things to stay home. streaming services, technology. once the pandemic ended people wanted to get out and they were locked down and started spending money on services, going on trips, on travel. that s why for the month of november you actually saw 88,000 jobs created in leisure and hospitality. you also had healthcare and education jobs up 82,000. where are the other jobs right now? manufacturing added 14,000 jobs and construction added 20,000 jobs. that was interesting to me. the fact that construction added 20,000 jobs. mortgage rates have skyrocketed and they re off their highest of the most recent time. but still housing has been
former president obama campaigning for senator raphael warnock with a signature takedown of republican hopeful herschel walker. since last time i was here, apparently he claimed that he used to let me beat him at basketball. but then he admitted that we never actually met. so i guess this was more of an imaginary whooping that i laid on him. good day, everyone. i m andrea mitchell in washington. we begin this hour with the november jobs report, beating expectations by adding 236,000 new jobs for the month. the unemployment rate holding steady at 3.7%. it s not all good news. the pace of job growth mixed with rising hourly wages, weak labor participation and the lack of overall domestic productivity is giving the federal reserve
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets and may continue to the future.
i m extending it to december 31, 2022, and it is going to end at that time. it is time for the payments to resume. president biden celebrated a better than expected jobs report and now he is helping warnock win in georgia with a meeting in massachusetts. harris: we were talking about the geographical difficulties of helping out the democrat in georgia from boston but we ll see what they can do. good to see you, thank you. the november jobs report beating expectations with 263,000 jobs added and unemployment holding at 3.7%. you heard the president talking about it. peter talking about it then. economists predicted job growth would slow down and slow down inflation. powell said the fed would make