“A Huge Miss” – CNBC Shocked by November Jobs Report – Misses Expectations by 300K+ – Worst Jobs Report of Biden’s Presidency (VIDEO)
The November jobs report came out Friday morning and it’s a huge miss.
US employers added 210,000 jobs in November – less than half of what Wall Street expected.
This is the worst jobs report of Biden’s presidency.
CNBC reported:
The U.S. economy created far fewer jobs than expected in November, in a sign that hiring started to slow even ahead of the new Covid threat, the Labor Department reported Friday.
Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020.
