The unemployment rate fell to 4.6%, the lowest level since the economic recovery started in May 2020.The number of jobs added in October easily outpaced economists' prediction of 450,000 jobs. It marked the first month since July that the official number didn't undercut the consensus estimate.The US economy gained jobs across the board last month, with leisure and hospitality, manufacturing and transportation and warehousing leading the job gains.
The US economy added 795,000 jobs in August and September -- not bad for a so-called lull.Read MorePeople on the sidelinesThat said, there are still millions of people sitting on the sidelines of this tight labor market, unable to rejoin the labor force because of care responsibilities at home or worries about contracting the virus.The number of people who weren't in the workforce but want a job stood at 6 million last month, still nearly 1 million higher than before the pandemic.
Source: Financial Digest (financialdigest.net)
The rebound is due to states removing the extra unemployment benefits. Dems create a crisis and then claim the resolution. Instead of keeping the country safe and productive. Nothing but pure manipulation. Not the Dems from the past.
FAKE NEWS🤷♂️
So the labor shortage is over?
That’s probably because all the free federal & state unemployment has dried up, and the free rent, too! About time some get back to work!
Oh that’s right…the extra 600 for unemployment just ended at time of survey!! Fake news!!!
good news
Well let's see, the package delivery companies like FedEx, UPS and USPS are hiring 100's of thousands of part-time folks to help with the Christmas season. Let's see what happens in January when these folks are all let go! Nice try though! BidenNomics will NOT WORK!
Stock Market surge, added jobs, double dose of good news. How long will it take the GOP TALIBAN UNITED STATES HATING INSURRECTIONIST PARTY to try and sabotage this.
Its going to be that way stop extensions on un employment
BidenAmerica Biden America is on the mend, we should be grateful for his tireless dedication to keep us safe, healthy, on the road to prosperity, businesses hiring, wages increasing, unity amongst Dems Pleeease farzana’s interview
Strong job growth since September!!! Wow!! Amazing!! Maybe…just maybe it’s because 👇👇👇👇👇👇👇🤡🤡🤡
Jobs created by the unvaccinated quitting or being fired without being able to file unemployment insurance. Could that be the reason for the low number of new unemployment insurance claims?
This number should be much, much higher! There are help wanted signs everywhere!!!!
Let's go Brandon!!!
CNN is fake news
CNNfakenews
This is exactly what people expected to happen when the enhanced unemployment benefits ended at the end of the summer. This is a surprise to no one
And I thought no one wanted to work.
Vaxart has a COVID19 💊 room temperature vaccine with mucosal immunity that can block transmission and could actually end this pandemic! Why hasn’t the 🌎 invested in this scalable solution to Covid yet? via YouTube
cnnfakenews
How many of those are from red states?
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