The US non-farm sector added 245,000 jobs in November 2020
The US labour market showed signs of a rebound in May and June
The US employers in the non-agricultural sector added 245,000 jobs in November 2020. This is the fifth monthly decline in a row and failing to meet expectations. Nonetheless, it is around the pre-pandemic levels and above the average for 2019.
After suffering substantial shock in April 2020 due to the COVID-19 pandemic, the US labour market showed signs of rebound in May and June. From July 2020 onwards, however, the number of the new jobs has been slowing down.
Further data and analysis on the US economy could be found on the CEIC US Economy in a Snapshot – Q3 2020 report.