November job growth slowest month since recovery began; only 245,000 jobs recovered

Remember, folks, these are jobs recovered since the pandemic hit, not new jobs.

The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according to data released Friday by the Bureau of Labor Statistics. Economists had predicted the economy would gain around 440,000 jobs.

Amid a fresh surge in coronavirus cases and a new round of shutdowns, Friday’s figure represents the fifth straight month of decelerating job gains. It is by far the lowest monthly total since the economy started its halting recovery.


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