US economy misses forecasts, adds 245,000 jobs in November as unemployment falls to 6.7% - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US Bureau of Labor Statistics on Friday said the country added 245,000 jobs in November, far fewer than the 460,000 additions expected by economists surveyed by Bloomberg.The unemployment rate fell to 6.7% last month from 6.9%, matching economist expectations.

American businesses added 245,000 nonfarm payrolls last month, the Bureau of Labor Statistics said Friday. The total landed well below the 460,000 additions expected by economists surveyed by Bloomberg. It also marked a drop from the revised 610,000 jobs added in October. About 3.9 million Americans said the coronavirus is the main reason why they aren't seeking employment. That rose from 3.6 million in October.

. Hospitalizations hit 100,667, and total deaths surpassed 267,000. Stricter lockdown measures have stifled hopes for an acceleration in activity, though holiday-season spending could buoy the economy through December.added 307,000 payrolls last month

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