The unemployment rate fell to 6.7% from 6.9% in October. But the decline came because more workers left the workforce in November. Of those not reported to the workforce, 3.9 million people were prevented from working because of the epidemic.
Eight months after the Covid-19 stopped screaming at the farm, and in the summer months, the recovery is running out after better-than-expected developments.
Before the crisis began, the economy continued to lose 9.8 million jobs since February.
The strengthening retail sector in the summer recorded a loss of 35,000 jobs as businesses employed fewer seasonal workers for the holidays.
While many purchases have already moved online in recent years, the pandemic has given new impetus to this trend. Warehousing and transportation jobs continued to grow.
Employment in the government has been declining for the third month in a row, mainly due to the loss of temporary workers employed during this year’s census.
Millions of Americans continue to struggle with unemployment through no fault of their own. The epidemic unemployment benefits introduced by the CARES Act in the spring will expire at the end of the year unless Congress acts quickly.
This is an evolving story. We will update.