November Payrolls Huge Miss At Just 245K Jobs Added, Unemployment Rate 6.7%
Tyler Durden
Fri, 12/04/2020 – 08:33
As noted earlier in our preview, consensus expected a return to weakness in the labor market as surging Covid-19 case counts have led to to a return of lockdown measures, which explicitly means less hiring and sure enough moments ago the BLS reported that in November, a paltry 245K jobs were added, a huge miss to the 470K expectation and a sharp drop from the 610K revised October print.
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