WASHINGTON, DC—The US economy added 321,000 jobs inNovember, according to the Bureau of LaborStatistics. The unemployment rate remains unchanged at5.8%. The job gains occurred in most sectors of the economy, led byprofessional and business services, retail, health care andmanufacturing.

A number of trends are behind these numbers, saysNational Retail Federation Chief EconomistJack Kleinhenz. "Solid seasonal demand, reducedprices at the pump, and the high though erratic levels of businessand consumer confidence, all are supportive of job gains," hesays.

"We remain optimistic that we are gaining traction to a morenormal labor market in the near future which should contribute towage and salary growth."

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.