WASHINGTON — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.
For now, though, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a big rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth. Even as the jobless rate has steadily declined this year, the proportion of Americans who are working or looking for work has barely budged. A shortage of job-seekers tends to limit hiring and force companies to pay more to attract and keep employees. Higher pay can help sustain spending and growth. But it can also feed inflation if businesses raise prices to offset their higher labor costs, which they often do.
Job skills gaps, or too many un-vaccinated people in the workplace making a unsafe work environment and wages that won't cover the $100,000 hospital bill for having COVID!
Sluggish Stop this
This number will be revised up just like the last few months were. I don't think this report is as bad as it looks if you dive into it. Plus unemployment rate still ticked down. There is a ways to go but I think we're still on the right track!
'sluggish', despite that unemployment is lower than expected.
So we don’t need a trillion $ bill to juice the economy, since it’s doing so well..
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