Economics
U.S. Jobs Recovery Slows as Virus Rages, Boosting Aid Chances
- Unemployment rate falls but so does labor-force participation
- Online-shopping boom reflected in large portion of hiring
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The U.S. labor-market rebound slowed markedly in November, indicating the surge in Covid-19 cases is hitting workers and curbing the broader economic recovery.
Nonfarm payrolls increased by 245,000 from the prior month and the unemployment rate edged down to 6.7%, the Labor Department said Friday. The data also showed a worrisome decline in Americans participating in the labor force, as more people left jobs and the workforce altogether.