Research Brief: Employment – November 2020

October job additions consistent month over month. Employers hired 638,000 personnel last month, modestly below the 672,000 positions created in September. This more consistent level of job creation reflects the benefits of continued economic reopenings, although the recent rise in the number of coronavirus cases presents fresh concerns. The rate of infection has roughly doubled since the October employment data was collected and the possibility of new lockdowns or warinesses to gather in person may impair businesses’ balance sheets and sway hiring.

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