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A builder sands the body of a guitar at the Fender factory, in Corona, California, on October 6, 2022. Industries sensitive to rising interest rates have been slowing hiring. VALERIE MACON/AFP via Getty Images hide caption

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VALERIE MACON/AFP via Getty Images

Economy

Job market cooled only slightly last month, as employers added 263,000 jobs

Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.

A builder sands the body of a guitar at the Fender factory, in Corona, California, on October 6, 2022. Industries sensitive to rising interest rates have been slowing hiring. VALERIE MACON/AFP via Getty Images hide caption

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VALERIE MACON/AFP via Getty Images

The U.S. gained 263,000 jobs last month. It's good news for workers, but not the Fed

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Anish Adhikari, now 26, worked construction jobs in Qatar for 33 months in the lead-up to the World Cup. In this 2021 photo, he poses inside the new Lusail stadium, which he helped build and which will host the World Cup final on Dec. 18. Adhikari says the Nepali agent who got him the job misled him about working conditions in Qatar: "They sell a dream that's not reality." Anish Adhikari hide caption

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Anish Adhikari

Death and dishonesty: Stories of two workers who built the World Cup stadiums in Qatar

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