Monthly payroll gains averaged almost 241,000 from January through November, up from the prior year's 194,000. The 2.7 million workers added to payrolls are the most since 1999.
The December jobs report that's due from the Labor Department on Jan. 9 may show payrolls, including government agencies, climbed 240,000 in December after a 321,000 increase a month earlier, according to the median forecast of economists surveyed by Bloomberg.
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The unemployment rate is projected to fall to 5.7 percent, the lowest since 2008.
U.S. steel
Some businesses are trimming staff. U.S. Steel Corp., the country's second-biggest producer of the metal, may lay off as many as 756 employees at two plants that make pipes as the oil- price slump cuts spending by energy companies. The Pittsburgh-based company issued legally mandated notices for the decision, which will take effect in early March.
Federal Reserve policy makers last month noted the improvement in the job market that's underpinning growth in the sixth year of the U.S. expansion even as global markets weaken.
"Underutilization of labor resources continues to diminish," the officials said in a statement after their December meeting. They also said they will be "patient" on the timing of the first interest-rate increase since 2006.
With assistance from Alex Tanzi in Washington.
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