The November jobs report on Friday showed the coronavirus-battered U.S. economy regained 245,000 jobs last month, with the unemployment rate falling to 6.7% from 6.9%.
• “Job growth has seriously slowed in November. While still heading in the right direction, at this pace of 245k a month would be 3.3 years until we got back all the jobs we lost. The vaccine is coming, so it won’t take this long, but we are running the risk of backsliding.” — Adam Ozimek, chief economist at Upwork
• “Unemployment fell because of people dropping out of the labor force, and average wages appear to [have] risen because of the loss of low-wage jobs. It is not good.” — Kate Bahn, director of labor market policy and economist at the Washington Center for Equitable Growth
You don't know what your talking about.
40 months to replace the 10 million unemployed is terrible. This is a very poor result.
good
And stocks go up. I'm assuming people can't get jobs so are trying to make a living day trading? What could go wrong!?
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