The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector.
Leisure and hospitality was the top category for job gains, according to a report from the U.S. Bureau of Labor Statistics, adding 88,000 jobs. Roughly 62,000 of those jobs were in food and drink services, the report said.
Health care and social assistance was the second-biggest category last month, adding more than 68,000 jobs. When those groups are combined in a broader category with education, as some economists do, the gains rise to 82,000.
Betsey Stevenson, a University of Michigan professor and former chief economist of the U.S. Labor Department, said on CNBC’s “Squawk Box” that…