November 2020 Jobs Reports Shows Signs of Deceleration; 245K Jobs Added


The U.S. Bureau of Labor Statistics (BLS) November 2020 Hiring Situation indicated that job growth is stalling, with only 245,000 new jobs gained last month. Payroll employment is still 9.8 million short of pre-crisis levels—at November’s pace, it would take until 2024 to return to pre-crisis employment levels. The unemployment rate edged down to 6.7%.

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Topics: Jobs Report, November

  

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