While the American labor market continued to recover from the devastating effects of the spring wave of the coronavirus pandemic in November, last week’s jobs report revealed that it’s still a long climb back to where things were before the virus outbreak.
According to the Bureau of Labor Statistics, total nonfarm employment rose by 245,000 last month, as the unemployment rate declined to 6.7 percent. “These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it,” the BLS wrote in its official release, adding that notable job gains in transportation, warehousing, professional and business services and health care had been partly offset by declines in government and retail trade jobs.
