(BRANDON HANSEN/Chewelah Independent)
The United States added 307,000 jobs in November, which is down nearly 100K from October’s job growth numbers according to Automatic Data Processing. This number shows a slowdown in the country’s economic recovery since the COVID-19 pandemic began, along with being below a forecast of 475,000 new jobs by the Dow Jones.
These disappointing numbers have economists worried about a slowing economy and cut backs by companies if the viral outbreak is not brought under control. No new stimulus bill has been passed by Congress either.
Small businesses added 11,000 new jobs in November, while mid-sized companies added 139,000 jobs.
Hotels, restaurants and health-care providers created the most new while modest gains were made in construction and manufacturing.
The United States’ unemployment rate is currently 6.9 percent. In October, Stevens County’s unemployment rate was 6.1 percent while the state of Washington’s unemployment rate was 5.6 percent.