The Bureau of Labor Statistics reported that U.S. employers added 178,000 new workers in November, near the expected 180,000. That brings the monthly average to 181,000 in 2016. Part-time jobs jumped by 118,000 while full-time positions rose 9,000. Within the report it showed that average hourly earnings fell by 0.1%, while the Unemployment Rate fell to 4.6%, the lowest level since August 2007. The low unemployment rate is due in part to some unemployed Americans dropping out of the workforce. In addition, part-time jobs jumped by 118,000 while full-time positions rose 9,000.
Cyber Monday has come and gone for 2016 and the numbers are in ... consumers shelled out a record $3.45 billion in online sales this year, up 12.1% compared to Cyber Monday in 2015. Black Friday saw total online sales of 3.34 billion. For the period between November 24 and November 28, total sales from online shopping hit $12.81 billion, up 16.4% from a year ago. Cyber Monday saw 65% of total sales made on desktop, although mobile made up 53% of all visits.
The holiday driving season kicked off on November 24 as drivers paid the second lowest gas prices for Thanksgiving since 2008. The average price for a regular gallon of gasoline is at $2.16, down from $2.21 a month ago, though up from the $2.03 seen a year ago. The $2.16 is slightly higher than the $2.13 seen at Thanksgiving just a week ago, but the increase was due in part to the Organization of the Petroleum Exporting Countries (OPEC) annoncing it will cut production to the tune of 1.2 billion barrels of oil per day.