EXPLAINER: 5 key takeaways from the November jobs report
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December 4, 2020
WASHINGTON (AP) — Evidence was abundant in the November jobs report that the U.S. economy's tentative recovery is sputtering as coronavirus cases accelerate and federal aid runs out.
Hiring slowed sharply. Hundreds of thousands of people gave up looking for work. The proportion of the unemployed who have been jobless for at least six months rose.
All told, the Labor Department said Friday, employers added 245,000 jobs in November — the fewest since April, the fifth straight monthly slowdown and well short of the gain economists had been expecting.
Back in March and April when the virus slammed...
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