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You are here News Economy US jobs market recovery slows amid surge in Covid-19 cases

US jobs market recovery slows amid surge in Covid-19 cases

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US job marked recovery slows

The recovery in the US jobs market collapsed in November as cases of Covid-19 hit new records, government figures revealed on Friday.

The US added just 245,000 new jobs in November, less than the 638,000 jobs added in October, the 672,000 jobs added in September and the 1.4m jobs added in August. The unemployment rate fell to 6.7%.

Jobs growth has now slowed month on month since June and the latest report highlighted another worrying trend – the growth in long-term unemployment. In November, the number of long-term unemployed (those jobless for 27 weeks or more) increased by 385,000 to 3.9 million, accounting for 36.9% of the total unemployed

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