Voice of America
05 Dec 2020, 04:41 GMT+10
The United States added 245,000 jobs in November, the fewest since April and the latest sign that hiring has slowed sharply during a resurgent coronavirus outbreak in the country.
The Labor Department reported Friday that the jobless rate in November improved to a still-high 6.7% from 6.9% in October.
The November job gains were far fewer than the 610,000 in October, and the fifth straight month job growth has slowed in the U.S.
US Unemployment Benefit Claims Rise as Coronavirus Cases Surge Surge in coronavirus cases poses new economic threat as state and city officials impose restrictions on businesses
Friday's report reflects employers' apparent reluctance or inability to hire workers as another wave of coronavirus infections in the U.S. has been setting new daily records, forcing them to close their businesses again.
Before the coronavirus crisis, November's gains would have been considered solid, but there are still about 10 million fewer U.S. jobs than there were before the pandemic.
Faster hiring of people who were laid off during the pandemic-induced recession would help them return quickly to the work force. But winter's arrival could discourage spending and job creation, particularly in the restaurant and other sectors that have begun to rely more on business outdoors.
Congress has renewed efforts to pass another rescue aid package for the millions of jobless people in the U.S. If lawmakers fail to reach an agreement in coming days, they will be left without any federal or state unemployment aid beginning after Christmas.
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationNEW YORK, New York - Wall Street ended the week on a negative note Friday with all the major indices ...
WASHINGTON, DC - U.S. President-elect Joe Biden on Thursday (local time) announced a USD 1.9 trillion plan to revive the ...
SYDNEY, NSW, Australia - Stocks were mixed on Friday despite U.S. President-elect Joe Biden announcing a $1.9 trillion stimulus package ...
BEIJING, Jan. 15 (Xinhua) -- China continued to see a generally stable housing market in December, with home prices in ...
NEW YORK, New York - U.S. stocks fell on Thursday following data showing a larger-than-expected increase in weekly unemployment claims, ...
DUBLIN, Ireland an. 12 (Xinhua) -- A total of 84,309 units of new private cars were sold in Ireland in ...
WASHINGTON, DC The man who struck down three U.S. Capitol Police officers with a fire extinguisher during last week's storming ...
WASHINGTON, DC - A Utah man has been charged with breaking into the U.S. Capitol last week wearing a bullet-proof ...
Provided by Xinhua | &A 6.2-magnitude earthquake has killed 35 people in Indonesia, injuring 637 and displacing around 15,000 people.JAKARTA, ...
Five United Nations peacekeepers lost their lives on Wednesday, 4 in Mali and one in the Central African Republic. 4 ...
BEIJING, China - A team of 10 World Health Organisation (WHO) experts arrived in Wuhan on Thursday to investigate the ...
WASHINGTON, DC - U.S. President Donald Trump on Wednesday became the second U.S. president in history to be impeached.Democrats were ...