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Economy

“Job growth disappoints in November, with a gain of just 210,000, despite high hopes”

  • 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.

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