U.S. employers added 64,000 jobs in November, beating economists' forecasts, a new jobs report shows. But the unemployment rate in November jumped to 4.6%, the highest level since September 2021.

Washington

The US economy added 64,000 jobs in November, surpassing forecasts but marking a decrease from September's revised figure of 108,000. The unemployment rate rose to 4.6%, its highest level in four years, partly due to significant government layoffs following a shutdown and buyouts that began in October.

Job growth was primarily concentrated in the healthcare sector, while many laid-off workers from other fields are finding it difficult to secure new employment. The broader underemployment rate, which includes those working part-time to make ends meet, reached 8.7%, the highest since August 2021. If federal workers affected by recent layoffs remain unemployed, nearly 200,000 people could be out of work in the coming months.

Employers add 64,000 jobs in November, unemployment hits 4-year high

We're getting a clearer picture of the U.S. economy. The November jobs report was just released after delay due to the government shutdown. It shows the U.S. added more jobs than expected, but the unemployment rate also ticked up. CBS News Money Watch correspondent Kelly O'Grady joins us now from the floor of the New York Stock Exchange to break it down. So Kelly, break down this report for us. Yeah. So let's start with November, because we kind of got a buy one, get one 50% off in this jobs report, you know, a little bit of October and mostly November. So November we added 64,000 jobs in the U.S. economy. That was better than expectations. We were looking for something around 50,000. It was lower than September. Remember, you know, last month we got that delayed report and it was pretty significant. Those numbers were revised down slightly, but we were around 108,000. So it is a drop off in November, but still positive. That is what we want to see. But you mentioned the unemployment rate. So that ticked up to 4.6%. That's up from 4.4% in September. So now we've kind of gone a little bit beyond that healthy band. And from folks that I spoke to this morning, that's where the concern is. And then I want to double down on another number that's more encompassing, 8.7%, when you look at unemployment rate and also folks that are having a part-time job in addition to their full-time job in order to make ends meet. That's the highest that we've seen since August 2021. Where we saw the growth for November was as expected in healthcare. That's been a big driver in the economy. And so if you sort of think about it, okay, that's great for the healthcare sector. But Vlad, you and I, if we lost our jobs, I mean, we're not going to go out and be able to come nurses and doctors and sort of medical practitioners. So it's really thinking about where the job growth is coming from. And you see people more and more, when they are laid off, having a hard time getting a job immediately after. So Kelly, I was looking through your report that you sent, and I swear it could have come from Goldman Sachs or Morgan Stanley. But you do point out that there is some interesting statistics, which the US, and you kind of alluded to this, we had four straight months of weak growth from May to August, followed by that resurgence in September. So how does the government shutdown and all those layoffs that happened, those furloughs affect these numbers? And what does it sort of mean for later next year? Well, that's high praise coming from you, because I know you've read a lot of those reports in your previous life. So thank you. But yeah, this really, the government layoffs really came into effect in October. Because remember, people took the buyout. And so then starting October 1st, those numbers hit the job markets in terms of layoffs. So across October and November, government lost 162,000 jobs. That was huge. But if you break out the private sector in October, we actually gained 52,000. So I think sort of the big takeaway here is you saw, as you mentioned, those months of weak growth, and we had a resurgence in September. October is kind of a, you know, a throwaway just because it's partial data. And now we've got that November number. If you see those federal workers that were laid off or took the buyout not able to get a job in the coming months, that's when it's going to be problematic. Because now you have close to 200,000 people that are out of work and need to find employment. Really interesting, Kelly. By the way, you know how there's conspiracy theorists all over the internet. So people are going to wonder, she's indoors, she's on the floor of the New York Stock Exchange. Is that an AI-generated background on, or is she outdoors? Why are you wearing a coat on the floor? It's sort of my winter New York Stock Exchange vibe, Vlad. I'm trying to change with the seasons. I love it. I love it. It looks good on you, as Rodney Dangerfield said. Kelly, always love having you. Thank you very much, friend. See you later.

U.S. President Donald Trump has followed through on his threat to sue the BBC over a misleading video edit of a speech he made on January 6, 2021, and filed a lawsuit against the media corporation on December 15. He will be seeking 10 billion dollars in damages.

London

Trump sues BBC over misleading video editing of speech

Ukrainian President Volodymyr Zelenskyy says a proposal to end his country's nearly four-year war with Russia are "very workable" and could be finalized within days, but he warns key issues remain.

Kyiv

Ukraine Invasion

Zelenskyy says 'workable' peace plan could be presented to Russia soon

On December 16, the Paris labour court ruled on the long-running dispute between Kylian Mbappé and his former club, PSG. It ordered PSG to pay over 60 million euros to the player in unpaid wages and bonuses.

Paris

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Police say the alleged gunmen who opened fire at a Hanukkah celebration in Sydney's Bondi Beach had traveled to Mindanao in the Philippines last month, as investigators probe ties to extremist networks.

Bondi Beach

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Zelenskyy hails progress with the US during Berlin talks about security guarantees. Europeans vow to protect Ukraine, including via military means, against Russia in the future. But disagreements over territories remain.

Berlin

EU vows to assist Ukraine against future Russia attack at Berlin talks

Australia's prime minister said a mass shooting at a Hanukkah celebration at Bondi Beach appears to have been motivated by ISIS ideology. Meanwhile, mourners flocked to the site to lay flowers and grieve for the people killed, including a 10-year-old child.

Council of the City of Sydney

Bondi Beach shooting motivated by ISIS ideology: Australian PM

Four people have been arrested in California - charged with plotting a series of bombing attacks on multiple targets on New Year's Eve.

California

FBI arrests four over alleged New Year’s Eve bomb plot in California

Police in Rhode Island are searching for a new person of interest following Saturday’s deadly shooting at Brown University. Investigators say the case remains active as authorities work to determine a motive.

Providence

New person of interest sought in Brown University shooting

The son of filmmaker Rob Reiner was arrested on homicide charges after the director of beloved movies like "When Harry Met Sally ..." and his wife were found dead in their Los Angeles home, a police official said on Monday.

Los Angeles

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A jury found Brian Walshe guilty of first-degree murder in the death of his wife Ana on New Year's Day in 2023 in their Massachusetts home. Legal analyst Jennifer Roman joins with more details.

Boston

Brian Walshe found guilty of first-degree murder in wife's death

Hong Kong's High Court on Monday (December 15) found pro-democracy campaigner Jimmy Lai guilty of conspiracy to collude with foreign forces and to publish seditious material under a China-imposed national security law that could see him jailed for life.

Hong Kong Island

Hong Kong court finds Jimmy Lai guilty in landmark security trial

Ukrainian President Volodymyr Zelenskyy and U.S. negotiators are meeting in Berlin. As the U.S. grows increasingly pressed to end the four-year war, the peace negotiations continue, with territorial concessions to Russia remaining the "sticking point" for Ukraine.

Zelenskyy offers to drop NATO bid for security guarantees

Police have released a person of interest who was detained in a shooting at Brown University. Two students were killed and at least nine others were injured in the Saturday attack. Tom Hanson spoke with students about the shooting.

Police release person of interest in shooting at Brown University

Ukraine’s President Volodymyr Zelenskiy proposed abandoning NATO ambitions in exchange for Western security guarantees during peace talks in Berlin. The move marks a major shift as Kyiv seeks to end the war with Russia without ceding territory.

Ukraine offers to drop NATO bid at Berlin peace talks

Rob Reiner and his wife, Michele, were found dead Sunday in their Los Angeles home, sources told CBS News, in what police called an apparent homicide. Rob Reiner was 78 and Michele Reiner was 68.

Brentwood

Director Rob Reiner and his wife found dead in their L.A. home

Far-right candidate Jose Antonio Kast wins Chile's presidential run-off, after defeating his leftist opponent.

Santiago

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The person of interest authorities took into custody in connection with the shooting at Brown University has been identified as Benjamin Erickson. He's a 24 year old, originally from Wisconsin.

Person of interest identified in Brown University shooting

Two alleged gunmen who killed 15 people at a Jewish celebration in Sydney's Bondi Beach were a father and son, police said on Monday, as Australia mourned victims of its worst gun violence in almost 30 years. This video contains graphic images.

Father and son behind Bondi mass shooting, Australian police say

Israel has described a deadly mass shooting at Sydney’s Bondi Beach as an attack on Jews, after gunmen opened fire during a Jewish holiday event, killing at least 11 people.

Israel calls Bondi shooting attack on Jews, urges action on antisemitism

Two gunmen attacked a Hannukah celebration on a Sydney beach Sunday, killing at least 11 people in what Australian Prime Minister Anthony Albanese called an act of antisemitism and terrorism.

Gunmen kill several at Jewish gathering in Sydney's Bondi Beach

Providence police have detained a "person of interest" in connection with the Brown University shooting that left two students dead and another nine people wounded, as the Ivy League school said it had lifted a shelter-in-place order for its campus in Rhode Island.

Police hold person of interest after Brown University shooting

Belarus has freed more than 120 political prisoners in a major thaw in relations with the United States. The releases came in return for Washington lifting sanctions on potash, a key source of revenue for Belarus.

Minsk

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Washington was still under a state of emergency on Saturday after torrential rains swamped communities. Plus, snow and dangerous cold are falling on some in the Midwest and on the East Coast. Nicole Valdes has more from Washington state.

Deming

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China's plans for a massive new embassy in the British capital were delayed until January. Construction plans have proven controversial, with some raising espionage concerns. Ramy Inocencio has more from London.

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A United Airlines jetliner lost one of its engines during liftoff from Washington's Dulles Airport bound for Tokyo.

Tokyo

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Phnom Penh

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Caracas

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King Charles III, who shared his cancer diagnosis with the world in February 2024, announced Friday that he would be scaling back his treatment after his doctors have seen success. The monarch also pushed for people to get early screenings, saying, "Early diagnosis quite simply saves lives."

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Belarus has freed more than 100 political prisoners, including a Nobel Peace Prize winner, in exchange for sanction relief on Belarusian potash, a U.S. statement said on Saturday.

Belarus releases political prisoners as U.S. lifts some sanctions

Ukrainian President Volodymyr Zelensky said he visited troops fending off Russian advances near the embattled city of Kupiansk that Moscow claimed to have captured last month, which Kyiv denies.

Breakdown