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US jobless rate sinks to 4.2% as many more people find jobs

Posted on AllSides December 3rd, 2021
From The Left
(AP Photo/Adam Beam)

America’s unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring — a mixed picture that pointed to a resilient economic rebound that’s putting more people to work.

The government reported Friday that private businesses and other employers added just 210,000 jobs in November, the weakest monthly gain in nearly a year and less than half of October’s gain of 546,000.

But other data from the Labor Department’s report painted a much brighter picture. The unemployment rate plummeted from 4.6% to...

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https://apnews.com/article/coronavirus-pandemic-health-business-unemployment-economy-e62c5ed35f69bc763a6d297858ceb084

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