U.S. employment growth slowed considerably in November amid job losses at retailers and in local government education, but the unemployment rate plunged to a 21-month low of 4.2%, suggesting the labor market was rapidly tightening.
The four-tenths-of-a-percentage-point decline in the jobless rate from October reported by the Labor Department in its closely watched employment report on Friday occurred even as nearly 600,000 people entered the labor force.
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