“Job growth disappoints in November, with a gain of just 210,000, despite high hopes”
December 3, 2021
“
- Nonfarm payrolls increased by 210,000 in November, following a gain of 546,000 the previous month.
- The number was well below Wall Street expectations of 573,000.
- Despite the big hiring miss, the unemployment rate fell to 4.2%, a 0.4% percentage point decline that came even with rising labor force participation.
- Professional and business services and transportation and warehousing led gains, while hiring in leisure and hospitality was sluggish and retail lost jobs despite the traditional holiday hiring season.
“
https://www.cnbc.com/2021/12/03/jobs-report-november-2021.html
Also stocks are down and this news is part of the reason why.