Just 245,000 more people were added onto payrolls last month. Plus, post-election fundraising from the Trump campaign and how that money might be spent. And, new numbers on the burnout experienced by working mothers during the pandemic.
It’s down a lot from the hiring we saw in October. And the reason for that is clear: COVID resurgence. Christopher Low, chief economist at FHN Financial, says it’s particularly evident when you compare goods-producing industries and service industries. The former saw “solid growth,” Low said, while the latter has seen a “real slowdown.” Low also says the entire reason we saw a slight drop in the unemployment rate is because of how many people stopped looking for work altogether.
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