|
|
The U.S. economy created a meager 210,000 jobs in November, according to the U.S. labor department, less than half of the 550,000 to 573,000 that analysts had predicted.
At the same time, the unemployment rate fell to 4.2 percent from the 4.6 percent notched in October and is down almost 1.8 percentage points over the past six months.
This year, the U.S. economy has averaged 550,000 new jobs each month, the Financial Times noted.
The report for November from the Bureau of Labor Statistics also revised September and October’s number, adding another 82,000 jobs created across the two months.
The data also showed that people who have been sitting out the economic recovery are beginning to look for work again, the FT said.
However, the numbers also revealed that 3.9 million more people remain jobless than before March 2020.
TREND FORECAST: A significant portion of Americans will remain out of the job market, depending on public support and creating a drag on economic productivity.
Drugged Out
What is not being reported by the media, is how many Americans are too drugged out to go to work… or do any type of job. As we reported in the Trends Journal, over 100,000 Americans overdosed last year… an increase of 28.5 percent from 2019 when the U.S. was not fighting the COVID War.
And just today, as though it was a big surprise, the bureaucrat playing Surgeon General in the U.S. declared that that young people are facing “devastating” mental health effects as a result of the challenges experienced by their generation, including the coronavirus pandemic.