Commentary
November’s job report, released this week from the Bureau of Labor Statistics (BLS), sent mixed signals about the health of the economy. On the one hand, payrolls were up much more than expected at over 64,000, of which private sector jobs increased by 69,000 (government jobs fell by 6,000). On the other hand, the unemployment rate jumped to 4.6 percent, up from 4.2 percent one year ago and the highest level since post-pandemic September 2021.
