U.S. Adds 178,000 Jobs in Nov., Jobless Rate at 4.6%

The transcript discusses recent economic data, highlighting a drop in the unemployment rate to 4.6%, the lowest since 2007. It notes a decrease in average hourly earnings for November, the first since 2014, and a slight year-over-year gain. Manufacturing jobs fell, while construction jobs increased. Retail hiring did not surge as expected. The participation rate fell slightly, but the overall economic situation remains close to consensus. The data supports a potential rate hike by Janet Yellen on December 14th.

What was the unemployment rate mentioned in the text?

What does the text suggest about the average hourly earnings for November?

How many manufacturing jobs were lost according to the text?

What was the participation rate mentioned in the text?

What significant event is mentioned regarding Janet Yellen and interest rates?