US labor market in November

US labor market in November

By Ben Casselman (@bencasselman)

"Employers added 210k jobs in November, which is down sharply from October and way below economists' expectations."

"We still have nearly 4 million fewer jobs than before the pandemic, and the gap is even larger if you factor in the growth we would have had absent the pandemic."

"But! There was also some very good news in the report, from the separate survey of households. The labor force, which had been stagnant for months, added nearly 600,000 people."

"And employment, as measured in the household survey, rose by 1.1 million. The employment rate jumped by a whopping 0.4 percentage points."

Labour & Income - USA - BLS - Employment & Unemployment

Labour & Income - USA - BLS - Employment and Labor Force Participacion Rate

Activity (old)United StatesLabour & Income (old)
Maia Mindel

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Maia Mindel

Macroeconomic analyst at Alphacast. Following inflation, activity, and trade.

This repository compiles the contributions of the Alphacast team on various current topics in the global economy.

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