Stock Market Today: Stocks Close Higher After Strong November Jobs Report

The unemployment rate ticked lower last month, while annual wage growth eased.

closeup of black stock chart with red and green bars
(Image credit: Getty Images)

Market participants weren't sure what to think of Friday's stronger-than-anticipated jobs report. Indeed, stocks traded in both positive and negative territory today as investors weighed the results against expectations for the Fed's timeline for potential interest rate cuts in 2024.   

The Bureau of Labor Statistics this morning said the U.S. added 199,000 new jobs in November, more than the 185,000 economists were expecting. Employment figures for September were revised lower while October's figure was unchanged. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.