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US adds only 210,00 jobs in November

The US will add just 210,00 jobs in November-unexpected 340,000-in another disastrous employment report: Saki found a live show on air and said he couldn’t comment, Biden’s “good trend” Point out

  • US employers added just 210,000 jobs in November. This is well below the estimated 500,000 people predicted by economists.
  • This shows that companies are still cautious as the coronavirus pandemic prolongs.
  • Data were edited prior to Wednesday’s announcement that an Omicron variant of COVID-19 was found in the United States.
  • President Joe Biden addresses new numbers in a speech from the White House on Friday morning


US employers added just 210,000 jobs in November. This is well below the estimated 500,000 people predicted by economists.

This shows that companies are still cautious as the coronavirus pandemic prolongs.

Data were edited prior to Wednesday’s announcement that an Omicron variant of COVID-19 was found in the United States.

White House spokesman Jen Psaki was on live broadcast, holding a roundtable for MSNBC’s Morning Joe when the numbers were low.

“It’s a bit of a number, what? Is it a little off?” Asked co-host Mika Brzezinski.

Saki said he could not yet publicly comment on the Ministry of Labor’s report.

“Well, this may sound a bit old-fashioned, but I’m working at the White House, so by convention I can’t comment until 9:30 am,” Pusaki said. “What people can expect the President to say every month today is that what we are seeing is a good trend.”

President Joe Biden will address the November Employment Report from the White House on Friday morning.

The unemployment rate has dropped to 4.2%, the lowest since the coronavirus crisis began. It was 4.6% in October.

The United States has regained 83 percent of the work lost due to the pandemic.

Wages have risen further.

President Joe Biden will talk about his work report from the White House at 10:15 am on Friday.

This figure comes after the bright months of October when employers added 531,000 workers to their salaries.

Moderate employment growth in November could ease expectations that the economy is poised for stronger growth this quarter after a surge in the third quarter.

Private consumption and manufacturing activity are strong.

However, the Omicron variant of COVID-19 carries the risk of brightening the image.

Little is known about Omicron, but based on Delta’s experience, which has contributed to the slowest pace of economic growth in more than a year in the previous quarter, demand for employment and services could slow somewhat.

The number of job offers at the end of September was 10.4 million. Millions of Americans who lost their jobs during the pandemic recession remain out of the workforce.

Economists say strong stock markets and home prices have increased the wealth of many Americans and encouraged early retirement. Households are also accumulating significant savings, and self-employment is increasing rapidly.

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US adds only 210,00 jobs in November

Source link US adds only 210,00 jobs in November

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