Unemployment is down, but not for why you'd think

What a little-known stat can reveal about the job market today

Dec 14, 2020 | Editorial | Jobs | Business
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What happens when no-shave November meets the Bureau of Labor Statistics?

You get a surprisingly hairy jobs report. A surge in November Covid-19 cases led to job growth way below expert expectations. Only 245,000 jobs were added last month, far fewer than the 440,000 economists had predicted. But despite this disappointing rise in paying gigs, the unemployment rate matched...

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