Job growth grinds to a halt as Trump plans holiday parties
San José, CA – On Friday, December 4, the U.S. Department of Labor released its report on the jobs market in November. Their monthly survey of businesses reported a gain of only 245,000 new jobs, about half of what economists expected and less than half of October’s job gain of 600,000 jobs. For the first time since the beginning of the recession, job losses have spread from the government, which lost almost 100,000 jobs, to retail, which lost almost 35,000 jobs. Job growth in other areas slowed from October, with the exception of transportation and warehousing, showing the continuing growth of online shopping. November’s gain barely put a small dent in the almost 10 million jobs still missing from the plunge in March and April.