The US economy added 210,000 jobs in November. This is less than half the employment growth expected by economists in a report compiled before the discovery. Omicron coronavirus mutant It can now upset the economic recovery from a pandemic.
The unemployment rate dropped to 4.2% as employers added jobs to the business services, transportation, warehousing and construction industries. Overall profit was less than half of the more than 500,000 jobs economists expected to add in a month.
The November job report came after the United States added 531,000 in October, and surged after slowing recruitment due to the spread of delta coronavirus variants in the summer.
It remains to be seen if the Omicron variant will have a similar dampening effect on the job market.Organization for Economic Co-operation and Development (OECD) think tank Warning this week Rising omicron and inflation can pose a significant threat to the global economy.
A strong employment report was released after ADP, the largest payroll supplier in the United States, said in October that private sector employees added 534,000 jobs. Nera Richardson, Chief Economist at ADP, said: It is premature to determine if Omicron variants may delay work recovery in the coming months. “
The United States added 210,000 jobs in November prior to the discovery of a variant of Omicron | US Unemployment and Employment Data
Source link The United States added 210,000 jobs in November prior to the discovery of a variant of Omicron | US Unemployment and Employment Data