Though November has seen the slowest rate of unemployment rebound since the onslaught of the pandemic according to the BLS November jobs report, the numbers are still decreasing as more jobs are added back to the recovering economy.
245,000 jobs were added last month, and as the holiday season approaches, businesses have hired seasonal employees, though not at the rate or in the typical roles of years passed — which should no longer be surprising, as this year is far from typical. With fewer in-person shoppers, cashiers and floor staff positions have been largely eliminated, while roles in warehousing and transportation have seen notable increases. Professional and business services, healthcare, construction, and manufacturing all saw job gains. Leisure and hospitality, one of the most badly hit sectors of the economy, added back 31,000 jobs.
The unemployment rate’s stagnation again reminds us that the pandemic will continue to affect businesses across the board. Extended unemployment aid is set to expire at the end of December, however a $908 billion bipartisan spending deal is in the works that would extend some relief to unemployed workers, and include $300 billion for small businesses, $160 billion for state and local governments, and an additional
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