McJob Growth Still...Good!

By JAMES PETHOKOUKIS
U.S News & World Report

Filed 12.08.06

Housing and autos may be in the dumps, but the rest of the U.S. economy seems to be holding up just fine, adding 132,000 new nonfarm payroll jobs in November.

Breaking things down: The service sector added 172,000 jobs last month, according to a preliminary Labor Department report (PDF), while construction lost 29,000 and manufacturing lost 15,000. Of those departed construction jobs, more than half were related to real estate. Some 7,000 auto-related jobs disappeared as well.

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