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U.S. Adds 245,000 Jobs; Unemployment Rate Drops

U.S. Adds 245,000 Jobs; Unemployment Rate Drops

U.S. payrolls rose by 245,000 in November, and the unemployment rate dropped to 6.7 percent from 6.9 percent, according to the latest employment report from the Bureau of Labor Statistics.
Employment gains were driven by hiring in transportation and warehousing, business services and health care. Over half of the 22 million workers furloughed or laid off at the onset of the pandemic in March and April have now been rehired.
A growing number of workers have exhausted their state unemployment benefits and have signed up for alternative federal emergency programs due to expire at the end of the year, as states have begun to reimpose restrictions on businesses amid a resurgence in COVID-19 cases.

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1.4 Million Jobs Gained in August; Unemployment Rate Falls to 8 Percent

1.4 Million Jobs Gained in August; Unemployment Rate Falls to 8 Percent

U.S. payrolls increased by 1.4 million in August, about what was expected, as the pace of rehiring has slowed and layoffs continue. The unemployment rate fell to 8.4 percent from 10.2 percent in July, according to the latest report from the Bureau of Labor Statistics. August was the first month after a $600 weekly unemployment supplement expired, and stimulus programs shoring up businesses that retained workers lapsed.

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