Worst non-farm payrolls report in 12 months, far below expectations


“The US economy added just 210 thousand jobs in November, the least since a payroll decline in December 2020 and well below market expectations of 550 thousand, as employers continue to report difficulties in hiring and retaining workers amid a strong economic recovery. Notable job gains occurred in professional and business services (90K), transportation and warehousing (50k), construction (31K), and manufacturing (31K while employment in retail trade declined by 20K. Nonfarm employment has increased by 18.5 million since April 2020 but is down by 3.9 million, or 2.6 percent, from its pre-pandemic level in February 2020.”

United States Non-Farm Payrolls
(One year through November)

bar chart showing non-farm payrolls for year ending November 2021

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