US Employers Added a Sluggish 210,000 Jobs in November

Jobs

WASHINGTON (AP) – America’s employers slowed the pace of their hiring in November, adding a still-solid 210,000 jobs, the fewest in nearly a year.

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%.

Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies, and the potential impact of the omicron variant of the coronavirus.

Categories: News, News – Latest News, US & World News