Unemployment Decreases to 6.7%
The Labor Department released its evaluation of the U.S. jobs market on Friday, highlighting an ongoing but slow recovery from the massive hit brought about by the COVID-19 pandemic. In November, the U.S. added 245,000 new jobs, decreasing the total unemployment rate to 6.7%. The Labor Department also saw a decrease in labor participation which also decreased the unemployment rate.
So far, the nation has regained 11.6 million jobs of the 21 million lost due to the economic fallout brought about by nationwide lockdowns and the worst pandemic since the Spanish Flu in the 1920s. The total number of long term unemployed workers increased in November by an additional 385,000 people. Congress is currently considering an extension to the CARES act which saw additional unemployment aid to those who lost jobs due to the pandemic.
As the Lord Leads, Pray with Us…
- For the Lord to provide for those who are out of work in the country.
- That Congress would have wisdom on how best to support the current economy.
- For God to aid the president in leading the economic recovery from the pandemic.
Sources: The Hill, AP, CNN
