US Jobless Rate Uptick May Be Insignificant, Yared Says

Pierre Yared, acting chair of the White House Council of Economic Advisers, reacts to the November jobs report on “Bloomberg Open Interest.” Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data. The unemployment rate was 4.6% last month, up from 4.4% in September. (Source: Bloomberg)