Job numbers are out. The labor market added 245,000 jobs in November, and nearly 400,000 people left the workforce. And for the first time in what has been dubbed the first female recession, men suffered greater job losses than women.https://bit.ly/3osEX8L
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2/ While the unemployment rate fell from 6.9% to 6.7% overall last month, it was due to a drop in the share of people who were participating in the workforce. Rates for women: — Black women: 9% — Latinas: 8.2% — Asian women: 7.3% — White women: 5.4%https://bit.ly/3osEX8L
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The unemployment rate overall is an incomplete figure because it does not take into account workers who are temporarily unemployed or who are out of work and not currently seeking employment.https://bit.ly/3osEX8L 1 reply 1 retweet 2 likesShow this thread -
4/ The numbers reflect the perilous state of the recovery just weeks before the last of the federal unemployment insurance assistance is set to expire at the end of the year, leaving 12 million people without aid as the nation heads into winter.https://bit.ly/3osEX8L
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5/5 The U.S. workforce is still down 9.8 million jobs from the start of the pandemic.
More from @ChabeliH:https://bit.ly/3osEX8L
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