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US economy added 210,000 jobs in November – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-12-03 08:56:54 –

Fewer jobs were created last month, which is far from what economists expected.

NS US Bureau of Labor Statistics There was a report on Friday that the U.S. added 210,000 jobs in October and predicted that economists would add more. 573,000 jobs..

“There has been a significant increase in work in the professional and business services, transportation and warehousing, construction and manufacturing industries,” the agency said in a press release. “Retail employment declined in a month.”

This is because the country is facing a surge in new COVIDs from Omicron variants and the arrival of the holiday shopping season.

The report released showed that labor force participation increased and the top-line unemployment rate fell 0.4% to 4.2%. From a month ago..

In addition, officials said the number of unemployed decreased by 542,000 to 6.9 million.

President Joe Biden is expected to speak of a report from the White House at 10:15 am on Friday.

US economy added 210,000 jobs in November Source link US economy added 210,000 jobs in November

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