2014 on track for best year for hiring since 1999
US employers are thought to have hired at another robust pace in November in the latest sign that the United States is outshining struggling economies throughout the developed world.
Analysts have forecast that the economy generated 225,000 jobs last month and that the unemployment rate remained 5.8%, according to a survey by FactSet. If those predictions prove generally accurate, November would mark the 10th straight month of strong US job gains above 200,000 and would put 2014 on track to be the best year for hiring since 1999.
The government will release the November employment report at 8:30 a.m. ET on Friday.
The improving US job market contrasts with weakness elsewhere around the globe. Growth among the 18 European nations in the euro alliance is barely positive, and the eurozone's unemployment rate is 11.5%. Japan is in recession.
Read more: http://www.businessinsider.com/a-strong-us-jobs-would-put-hiring-in-1999-territory-2014-12
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