Within healthcare, ambulatory healthcare services showed the most employment growth last month, adding 19,200 jobs.
USA job growth slowed in November and monthly wages increased less than forecast, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. The median estimate in a Bloomberg survey called for an increase of 198,000.
"For now, this month's jobs report is a continuation of "The Little Engine That Could" as the recovery has now yielded positive jobs growth for 8 years and 2 months in a row - a new record", Wolfers said.
"With 27,000 new jobs in November, manufacturing continues to build on its strong growth over the past two years", said NAM Chief Economist Chad Moutray.
In the wake of the employment report, USA financial markets continued to price in one rate hike from the Fed in 2019, compared with expectations for possibly two rate hikes a month earlier, according to CME Group's FedWatch program. Since President Trump was elected in November 2016, the USA economy has created 4.6 million jobs. After an unusually strong two quarters for the economy, "we're looking for growth to step down this quarter and you should probably also expect to see the labor market cool off some". The Fed increased rates for the third time this year in September.
Soft October data on the housing market, business spending on equipment as well as a jump in the trade deficit to a 10-year high have heightened fears the economy is slowing. It doesn't feel like things are softening in an alarming way.
A separate gauge that includes discouraged workers and those holding part-time jobs for economic reasons, sometimes called the real unemployment rate, rose from 7.4 percent to 7.6 percent.
Astronauts blast off for first time since aborted mission
After leaving Earth early yesterday morning , Canadian Astronaut David Saint-Jacques has made his first communication from space. The three astronauts will begin an expected six and a half month stay aboard the ISS, the Russian Roscosmos space agency said.
The Labor Department's closely watched monthly employment report on Friday came against a backdrop of a steep sell-off on Wall Street and a partial inversion of the USA yield curve, which have stoked fears of a recession. Higher tariffs would compound the risks for a global economy that is already grappling with dismal growth figures from Europe and Japan. The report provides clues into labor-market dynamics going into 2019, with certain pockets of weakness developing - particularly in the rate-sensitive sectors of the economy.
"Our economy is now performing very well overall, with strong job creation and gradually rising wages, " said Federal Reserve Chairman Jerome Powell on Thursday. Goods-producing businesses in general gained only 16,000 jobs during the month, the company said.
But hiring has remained strong overall as 2018 wraps up.
In addition to the November jobs report falling below expectations, October's count was revised lower from an initially reported 250,000 to 237,000.
Wages rose 3.1 percent over the year, the same as last month, and the second time growth has topped 3 percent since 2009.
The gains probably still aren't fast enough, though, to spur concerns of runaway inflation among Fed officials.
The unemployment rate has held at or below 4% since April, creating a long stretch of historically low joblessness.