Economists predicted that the United States would see nearly 600,000 new jobs added during the month of November. The actual numbers came in at only 210,000, according to the U.S. Bureau of Labor Statistics, on Friday.
The U.S. economy added 210,000 jobs in November, far below economists' expectations, while the unemployment rate plunged 0.4 percentage points, according to data released Friday by the Labor Department.
Although the U.S. economy created fewer jobs than expected in November, most industries still added to their payrolls last month – with white-collar businesses leading the way.
WASHINGTON - The U.S. economy added just 210,000 jobs in November, a disappointing month of growth that came as coronavirus cases began to rise in some parts of the country.
The U.S. economy added 210,000 jobs in November in what CNBC’s Rick Santelli is calling a “huge miss” from the 550,000 expected.CNBC is shocked by the November jobs report: “A
Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%. That is a historically low level though still above the pre-pandemic jobless rate of 3.5%.
The Labor Department released the highly anticipated November jobs report on Friday morning, shedding light on the labor market's continued recovery from the COVID-19 pandemic.
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November jobs report: US employers added a sluggish 210,000 jobs | Since Then
