Market Update

Lackluster jobs report emphasizes slow recovery

Lackluster jobs report emphasizes slow recovery

The United States labor market continues to claw its way back to normal at a seemingly excruciating pace. The jobs report released Friday morning by the Labor Department shows a gain of 245,000 nonfarm payroll jobs in November with an unemployment rate of 6.7%. In any other year, that report would probably be considered relatively strong. But in the era of COVID-19, with millions of Americans still unemployed, the numbers were far below what economists were expecting (and also hoping for). 

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