Delayed Jobs Report is Blow to Trump's Economic Message
Summary
The latest U.S. jobs report shows a downturn in the labor market with significant job losses in October and weak job gains in November. This data release was delayed because of a 43-day government shutdown. The report also shows the unemployment rate increased between September and November.Key Facts
- The jobs report was delayed due to a 43-day government shutdown.
- The economy lost 105,000 jobs in October.
- In November, only 64,000 jobs were added, falling short of forecasts.
- Revisions showed 33,000 fewer jobs created in August and September than previously reported.
- The unemployment rate increased from 4.4% in September to 4.6% in November.
- No unemployment rate was calculated for October due to data collection issues from the shutdown.
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