Average hourly earnings rose 0.6% over the month, higher than the prior month and Wall Street expectations. On an annual basis, wages climbed at a higher-than-expected 5.1%. The largest gains were seen across leisure and hospitality, health care, and government, while jobs declined across retail and in transportation and warehousing. The Labor Department released the monthly jobs report for November at 8:30 a.m. ET on Friday. October’s payroll reading was upwardly revised to 284,000 from 261,000 previously reported. The labor force participation rate ticked down to 62% last month, 1.3% below its value in February 2020 before the COVID pandemic began. The average gain in the sector . . .
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