Updated, with Joe Biden comments: The economy added 210,000 jobs in November, a figure below analysts expectations, while the unemployment rate fell to 4.2%.
The latest report reflected a bit of caution on the part of employers as the U.S. — and the world — seeks to recover from Covid-19. The prospects are now infused with even more uncertainty because of the emergency of the Omicron variant, which could further delay employers’ plans to get workers back into offices.
According to the release from the Bureau of Labor Statistics, the share of those who teleworked declined by 0.3 percent during the month, to 11.3%.
The job gains were most significant in in professional and business services, transportation and warehousing, construction, and manufacturing. But retail employment actually declined by 20,000 during the month, according to the data. Employment in leisure and hospitality also was little changed.
Average hourly earnings, meanwhile, increased by 8 cents to $31.03.
Analysts had been...
The latest report reflected a bit of caution on the part of employers as the U.S. — and the world — seeks to recover from Covid-19. The prospects are now infused with even more uncertainty because of the emergency of the Omicron variant, which could further delay employers’ plans to get workers back into offices.
According to the release from the Bureau of Labor Statistics, the share of those who teleworked declined by 0.3 percent during the month, to 11.3%.
The job gains were most significant in in professional and business services, transportation and warehousing, construction, and manufacturing. But retail employment actually declined by 20,000 during the month, according to the data. Employment in leisure and hospitality also was little changed.
Average hourly earnings, meanwhile, increased by 8 cents to $31.03.
Analysts had been...
- 12/3/2021
- by Ted Johnson
- Deadline Film + TV
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