Lackluster jobs report emphasizes slow recovery

The United States labor market continues to claw its way back to normal at a seemingly excruciating pace. The jobs report released Friday morning by the Labor Department shows a gain of 245,000 nonfarm payroll jobs in November with an unemployment rate of 6.7%. In any other year, that report would probably be considered relatively strong. But in the era of COVID-19, with millions of Americans still unemployed, the numbers were far below what economists were expecting (and also hoping for). 

Continue reading Lackluster jobs report emphasizes slow recovery at Movement Mortgage Blog.

The United States labor market continues to claw its way back to normal at a seemingly excruciating pace. The jobs report released Friday morning by the Labor Department shows a gain of 245,000 nonfarm payroll jobs in November with an unemployment rate of 6.7%. In any other year, that report would probably be considered relatively strong. But in the era of COVID-19, with millions of Americans still unemployed, the numbers were far below what economists were expecting (and also hoping for). 
Continue reading Lackluster jobs report emphasizes slow recovery at Movement Mortgage Blog.Movement Mortgage Blog