Even economists are confused by the latest US jobs report

Posted on AllSides December 3rd, 2021
From The Center
REUTERS/OCTAVIO JONES
ANALYSIS

The US jobs report for November was a tale of conflicting data that showed disappointing job growth and an unemployment rate that fell to its lowest level since before the pandemic.

By one measure, the US economy added only 210,000 jobs, missing economists’ expectations of 550,000 jobs, according to data from the US Bureau of Labor Statistics (BLS) released Nov. 3. Under another, newly employed people topped 1 million and the unemployment rate dropped to 4.2%.

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