Economy
December 7, 2020
Employment Gains Fail to Meet Expectations in November
Written by Peter Wright
The November employment report released Friday by the Bureau of Labor Statistics showed a net gain of 245,000 jobs, a positive move but only half of economists’ consensus expectations. The gain was down from October’s 610,000 new jobs.
In the November data, September was revised up by 39,000 and October was revised down by 28,000. Of the job losses in March and April, 9,834,000 are still unemployed. Figure 1 shows the total number of nonfarm workers in the U.S. since 2000.
