U.S. economy adds 64,000 jobs in November, unemployment rate rises to 4.6%
Federal payroll cuts and a 43-day government shutdown contributed to a net loss of 105,000 jobs in October despite 64,000 jobs added in November, Labor Department data shows.
- The U.S. Labor Department released the delayed jobs report showing 64,000 jobs added in November and the unemployment rate rising to 4.6%, after a late release.
- Federal buyouts and departures, including 150,000 federal workers, and federal government employment down 271,000 since its January peak, pushed payrolls lower.
- Sector data show health care added 46,000 jobs and construction added 28,000 in November, while transportation and warehousing lost nearly 18,000.
- The Federal Reserve will be watching the jobs data, as it considers further rate moves after cutting its benchmark interest rate by a quarter point last week, while Fed Chair Jerome Powell warned the job market is weaker than it appears.
- Since March, job creation has averaged 5,000 a month, and Heather Long said 'The US economy is in a hiring recession', while market expectations suggest caution ahead of the January 28 Fed meeting.
263 Articles
263 Articles
November US Jobs Report: 64K Added, Unemployment Hits 4.6%
Shadows Over the Recovery: Decoding November’s Tepid Jobs Surge and the Fed’s Precarious Path The latest employment figures from the U.S. Bureau of Labor Statistics paint a picture of a labor market that’s losing steam, with November adding a modest 64,000 jobs while the unemployment rate climbed to 4.6%—its highest point in four years. This data, released amid delays caused by a government shutdown, underscores growing concerns about economic s…
64,000 Jobs Added in November, While Unemployment Rises to 4.6 Percent - The Thinking Conservative News
Employers added 64,000 jobs last month after shedding 105,000 positions in October, according to delayed data from the Bureau of Labor Statistics (BLS). The post 64,000 Jobs Added in November, While Unemployment Rises to 4.6 Percent appeared first on The Thinking Conservative News.
BlackPressUSA
November Jobs Report Shows Rising Unemployment and Worsening Outlook for Black Workers
BLACKPRESSUSA NEWSWIRE — The rise in unemployment has been uneven, with Black workers experiencing some of the most severe impacts. Black men ages 20 and older saw their unemployment rate jump from 6.6 percent in September to 7.5 percent in November. Black women ages 20 and older recorded an unemployment rate of 7.1 percent in November, slightly lower than September’s 7.5 percent but still higher than any other racial or ethnic group.
Trump’s 'willy-nilly' economic policy freezing out manufacturing jobs: WSJ
Manufacturing jobs have been steadily withering in the US job market, and according to an analysis from the Wall Street Journal editorial board, Donald Trump's "willy-nilly" tariff policies and the uncertainty around them are most likely to blame.In a piece published Tuesday evening, the board examined recently released job growth data from the Bureau of Labor Statistics (BLS), which it called "not great." While the economy added 64,000 jobs ove…
Hawaii Tribune-Herald
West Hawaii TodayUnemployment rate rises, a warning sign for the US economy
The unemployment rate rose to a four-year high in November, a warning sign for the health of a labor market strained by the Trump administration’s cuts to the federal workforce and tariffs that have raised the cost of doing business.
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