November Jobs Report Falls Significantly Short Of Expectations In ‘A Huge Miss’ For U.S. Economy

The November jobs report that came out on Friday showed poor numbers for the U.S. economy, with growth in new jobs not even reaching 50% of what financial experts had predicted.

Making the news worse, the disastrous jobs numbers arrived before the U.S. government and the mainstream media triggered a panic over the new Omicron variant of the novel coronavirus.

“Nonfarm payrolls increased by just 210,000 for the month,” CNBC reported, noting that the “Dow Jones estimate was for 573,000 new jobs.”

The unemployment rate also fell slightly to 4.2%. The retail sector lost 20,000 jobs last month while transportation and warehousing added 50,000 jobs and professional and business services added 90,000. – READ MORE