The US economy just missed expectations again.
550,000 jobs were expected to be added in November.
Once the data came in only 210,000 were created.
JUST IN – U.S. economy added only 210,000 jobs in November, a gigantic miss to the 550,000 expected.
— Disclose.tv (@disclosetv) December 3, 2021
U.S. employers added a sluggish 210,000 jobs in November as the economy contends with inflation and shortages, the Labor Department reported.
…
Economists have forecast that employers added 535,000 jobs in November, nearly the same as October’s 531,000 gain, according to data provider FactSet, and that the unemployment rate dipped from 4.6% to 4.5%. The Labor Department will issue the jobs report at 8:30 a.m. Eastern time Friday.
Biden responded on Twitter celebrating it.
Biden Responds To Terrible Jobs Report–Calls It “Incredible News”
He then showed up 36 minutes late to address the country.
36 minutes – speech on jobs report #HowLateIsJoeBiden
— Charlie Spiering (@charliespiering) December 3, 2021
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