HelpWanted.com

Businesses add 21,000 jobs in November, hiring stalls

Businesses add 21,000 jobs in November, hiring stalls

In November, job growth stalled with employers adding a disappointing 210,000 jobs, the Labor Department said. This represents a sharp slowdown from October when companies added more than twice that number of new hires. Economists had forecast that employers had hired around 535,000 workers last month. As more Americans return to work, the Labor Department says that the unemployment rate fell from 4.6% to 4.2%. 

The labor participation rate has edged up to 61.8% which is the most since 2020 when the pandemic started. Millions of Americans have been slow to return to the job market, with nearly 4.7 million fewer people in the labor force than prior to the pandemic. Employers are raising wages to attract more candidates, but still, some workers are hesitant to return to work due to the high number of covid 19 cases in the country. 


Daniel Zhao, senior economist at an employment site says, "Even though Delta is off its September peak, cases are still very high, and that might have impacted COVID-sensitive industries like retail and hospitality." The surveys for the November job report were taken before the reports of the Omicron virus surfaced in Africa. But the new strain of covid 19 has the potential to create headwinds for the job market in December and later. 

Source: CBS News 

Tags In
Apple India Jobs In Assam

Previous days news

Dec 3 Dec 2 Dec 1 Nov 30 Nov 29

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Nagaland Jobs Andaman And Nicobar Jamshedpur Jobs Indore Job Loss In Surat IT Hiring Job Prospects Remote Working Job Sectors In Demand Union Budget International Jobs Campus Placement Dream Job Agriculture Gramin Dak Sevak New Scheme Canara Bank Mining Job Losses Economic Struggle Steve Jobs LinkedIn Facebook Data Piblic Speaking Burnout BEL Jobs Finance Jobs Nurse Jobs Unemployment Gig Workers Worker Death Employment Recovery Rate SBI Job AI Hiring Advertising Investment Bengaluru Digital India Exhibition Recent Jobs Manufacturing Sector Quota Skills Weavers Gujarat Jobs Myntra Jobs Delhi Police Vedanta Ltd Recruitment 2022 BPO Hiring
Articles

10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis

Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...Read more

Tips to Write Job Descriptions That Will Attract the Best Candidates

Just as the candidates need the right jobs to secure their future, the companies also need the righ ...Read more

COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...Read more

How Startups Can Ensure Success While Working With Freelancers

However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...Read more