A disappointing jobs update came out this Friday as officials report a measly 210,000 positions were created during the month of November.
This is far below the expected 550,000 jobs that were anticipated by economists. Yet the unemployment rate was able to reach its lowest level since the beginning of the pandemic (4.2%.)
Join us today as we reflect on this latest jobs update and what it could mean for the U.S. economy in the final weeks of 2021 and beyond.
Yet Another Lackluster Jobs Report
With U.S. jobs numbers teasing eager economists for months now, going up and down without any definite sign of growth promise for the months ahead, many were hoping that the November jobs report would prove itself to be a relief for the jobs sector as the year comes to a close. Yet signs of improvement have continued to slip through officials fingers month after month and November has just proven itself to be no better than the disappointing months prior.
This is not to say that there has not been some signs of improvement since the beginning of the year, and there have, in fact, been months where the jobs report has met or improved upon officials expectations. However, instances such as these have been few and far between when it comes to D.C.’s tastes and, as such, officials continue to struggle for a firmer stance when it comes to the jobs sector.
… And with the recently released update that yet another Corona related mutation has made its way to U.S. shores in the past few days, hopes are not high that the final jobs report of the year will be much better than the past few.
As noted, however, though today’s release of the latest jobs report has proven itself to be disappointing for most, the U.S. unemployment rate has managed to reach a pandemic low of 4.2%… A fact proving itself to be a much needed ray of hope in today’s seemingly hopeless pandemic obsessed world.
Of course a slow recovery is better than no recover at all, but economists still can’t quite get a grasp on what needs to be done to get this country back on its pre-pandemic track.
Until Americans are able — or willing — to return to work though, many fear that it may continue to be a struggle to dig ourselves out of this economic hole.
Learn More Here…
If you’re interested in learning more about what such recent market updates could mean for you, then we encourage you to join the latest episode of Ask the Pros where host Celeste Lindman is sitting down with her latest group of market professionals to discuss their take on today’s markets and your investments.
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