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November Jobs Report Disappoints

  • Writer: Pete
    Pete
  • Dec 4, 2020
  • 1 min read

Nonfarm payrolls increased by 245,000 in November, down from 610,000 in October.

The total was below the Wall Street estimate of 440,000.

Unemployment decreased to 6.7%, meeting expectations.

Job gains were concentrated in warehousing as well as professional and business services. Retail jobs fell ahead of the holiday shopping season

 
 
 

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