The US economy added 210,000 jobs in November, far short of the 573,000 jobs economists were predicting. Rising prices, supply chain shortages and COVID possibly all playing a role in the sluggish job growth.
The US economy added back just 210,000 jobs in November, which was well below expectations (forecast was 570k). The Unemployment Rate fell to 4.2% — lowest since before the crisis. Overall, the US has gained back 83% of the jobs lost. 3.9 million to go.
The US economy added 210,000 jobs in the month of November, and the unemployment rate dropped to 4.2-percent. Economists had expected over 500,000 jobs to be created.
What people are saying?
Patrick Chovanec That labor force participation rate remains noticeably lower than pre-COVID at 61.6%. The fact that so many people have left the workforce must be kept in mind when looking at the unemployment rate.
Eric Allix Rogers Ask everyone who IS employed how they feel about this productivity increase. It’s not sustainable. The US economy is just strip-mining people for whatever they have left at this point.