The emergence of the new omicron variant of the coronavirus may have been a factor, as well as seasonality and difficulty that employers are having finding workers. While the number was unexpectedly low, preliminary estimates have been revised sharply upward in recent months. “That said, it is not completely surprising that this month fell short with the country preparing to respond to the COVID-19 Omicron variant and continuing to battle rising inflation and the ongoing supply chain crisis.” “It is unsettling to see that we were unable to build on October’s strong numbers, with uncertainty only set to increase as the winter progresses,” said Steve Rick, chief economist at CUNA Mutual Group. Job gains were strongest in the professional and business services sector, as well as in the transportation industry. ![]() Job Growth Disappoints in November With Only 210,000 Jobs AddedĮmployers added only 210,000 jobs in November, well below expectations for a stellar end to the year, the Labor Department reported on Friday.
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