{"id":28386,"date":"2020-12-07T15:58:07","date_gmt":"2020-12-07T15:58:07","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=28386"},"modified":"2020-12-07T16:24:27","modified_gmt":"2020-12-07T16:24:27","slug":"us-economy-and-jobs","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/us-economy-and-jobs\/","title":{"rendered":"<US economy and jobs>"},"content":{"rendered":"<p>The US economy\u00a0added 245,000 jobs during November.<\/p>\n<p><!--more--><\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/pandemics-health-coronavirus-pandemic-economy-17b58d8673d61754b5a85da3e53d5a07\">According to reporting from AP News<\/a>,\u00a0Friday\u2019s report from\u00a0the Labor Department said\u00a0that America\u2019s employers sharply scaled back their hiring last month, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown while the viral pandemic accelerating across the country.<\/p>\n<p class=\"Component-root-0-2-62 Component-p-0-2-53\">At the same time, the unemployment rate fell to a still-high 6.7%, from 6.9% in October as many people stopped looking for work and were no longer counted as unemployed. November\u2019s job gain was down drastically from a 610,000 gain in October.<\/p>\n<p>Through all of this, experts say the economy and job market won\u2019t be able to fully recover until the virus can be controlled with an effective and widely used vaccine. And the picture could worsen before it improves.<\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/pandemics-jobless-claims-unemployment-coronavirus-pandemic-united-states-a9abee07cc3eb7246e7e3c8603430a49\">AP writes<\/a> that the jobs slowdown comes at a particularly fraught time. Two enhanced federal unemployment benefit programs are set to expire at the end of this month \u2014 just as viral cases are surging and colder weather is shutting down outdoor dining and many public events. Unless Congress enacts another rescue aid package,\u00a0more than 9 million unemployed people\u00a0will be left without any jobless aid, state or federal, beginning after Christmas.<\/p>\n<p class=\"Component-root-0-2-62 Component-p-0-2-53\">\u201cThe recovery is not insulated from the effects of the pandemic,\u201d said Daniel Zhao, senior economist at employment website Glassdoor. \u201cThis is the calm before the storm. We face a long and difficult winter ahead.\u201d\u00a0Speaking at a news conference Friday in Wilmington, Delaware, President-elect Joe Biden said the jobs report was \u201cgrim\u201d and \u201cshows an economy that is stalling.\u201d Biden urged Congress to act quickly to approve another rescue aid package.<\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/pandemics-health-coronavirus-pandemic-economy-17b58d8673d61754b5a85da3e53d5a07\">Full coverage here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US economy\u00a0added 245,000 jobs during November.<\/p>\n","protected":false},"author":8,"featured_media":28387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,578,3379,475,103],"class_list":["post-28386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-jobs","tag-pandemic","tag-unemployment","tag-us-economy"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=28386"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28386\/revisions"}],"predecessor-version":[{"id":28389,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28386\/revisions\/28389"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/28387"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=28386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=28386"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=28386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}