Friday showed the jobs market has deteriorated this winter as cold weather, rising covid infections, and new restrictions on businesses deal a setback to the recovery from the pandemic.
In one positive sign, job growth in November was stronger than previously estimated. The agency said the economy added 336,000 jobs that month instead of the initially reported 245,000. Meanwhile, the department also said that the record surge in the unemployment rate last spring due to the pandemic was higher than it previously reported. The jobless rate hit 14.8% in April, the highest on record, instead of the previously reported 14.7%.
The December decline was driven by a sharp decline in jobs in the leisure and hospitality industries, which lost 498,000 jobs. Retail businesses added 121,000 while manufacturing and construction operations also posted increases that helped offset the overall decline.
' Work LESS to work ALL & live BETTER ' Donald Trump calls for a 4-HOUR working day, more the increased participation of EMPLOYEES-CUSTOMERS-USERS-SUPPLIERS in the decisions & management of the company to the EQUAL of shareholders & managers. An INVENTIVE & COLLABORATIVE economy
trading_axis Bad market for some traders.
correction. that was not job growth! Merely some of the jobs recovered from the jobs that were lost
Jobs are still growing in Free States.
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ill bet over 40,000 jobs was target seasonal workers that was promised $500 bonus in January didn’t get it because they was fired in December ine week before Christmas.
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