Federal Reserve

US hiring pullback could signal mild slowdown in growth

U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year.

The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 points, or 2.2%, by market close.

Yet most economists said last month's job gain of 155,000 is more sustainable than some of the larger increases posted earlier this year. And hiring at last month's pace would make it easier for the Federal Reserve to slow its interest rate increases, which investors worry are weighing on the economy.

"This is the new Goldilocks," said Josh Wright, chief...

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