Employment Summary for November 2020
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report
However, as noted by Wall Street Journal reporter Sarah Chaney Jones, current vaccine rollout plans will be a factor in future job growth, “The labor-market recovery from the pandemic’s job destruction this spring has been stronger than most economists forecast. Many expect widespread vaccine distribution to eventually help lift the economy as businesses are allowed to reopen and consumers feel more comfortable traveling, going to the movies and returning to other in-person activities involving proximity to other people.”
The BLS reported in November, 21.8 percent of employed persons teleworked because of the coronavirus pandemic, up from 21.2 percent in October. These data refer to employed persons who teleworked or worked at home for pay at some point in the last four weeks specifically because of the pandemic.
Commenting on the October report, Sameer Samana, senior global market strategist at The Wells Fargo Investment Institute noted to Fox Business, “While disappointing, this news should be somewhat offset by the increasing odds of another fiscal stimulus package, and a Fed that stands ready and willing to do more to help the economy.”
Looking to future months, David Berson, chief economist at Nationwide Mutual Insurance Co. provided an additional optimistic outlook to the WSJ, “As infection rates go down, as the number of people vaccinated goes up, then we’ll start to see…business activity expand at a faster rate, and we will see the employment numbers pick up more strongly.”
|
|
The full Bureau of Labor Statistics report can be downloaded here:
News/Insights
Job Market/Industry News
The Power of Emotional Intelligence in the Doctor-Patient Relationship
Jun 6, 2023
“Physician leaders who are able to exhibit high degrees of emotional intelligence (EI), particularly in how they manage their own emotions and react to the emotions of other...
Hiring
Where Are All the OB/GYN’s?
Oct 27, 2021
The market for OB/GYN talent has always been competitive. Several factors have combined to make what was already a tight market even more challenging. These include: Gr...
Job Market/Industry News
Employment Situation Report – June 2021
Jul 2, 2021
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report – June 2021 Continuing a six month increase in job growth, the U.S. Bureau of Labor Stat...
Hiring
Are You Ready for What’s Next?
Mar 24, 2021
Everyone is trying to understand what’s coming next in a post-COVID-19 world. While we have no special foresight into the future of the pandemic, we can tell you what we hav...
Job Market/Industry News
Employment Situation Report – February 2021
Mar 10, 2021
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report The U.S. Bureau of Labor Statistics (BLS) today reported total nonfarm payroll employment incr...
Job Market/Industry News
Employment Situation Report – January 2021
Feb 11, 2021
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report The January job gain of 49,000 was in-line with most analysts’ expectations and represented ...
Job Market/Industry News
Employment Situation Report – December 2020
Jan 14, 2021
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report Total nonfarm payroll employment declined by 140,000 in December, well below the consensus forec...
Job Market/Industry News
Employment Summary for October 2020
Nov 20, 2020
The U.S. economy added 638,000 non-farm jobs in October, above the 530,000-job growth expected by economists. The unemployment rate declined to 6.6 percent. October is the six...
Job Market/Industry News
Employment Summary for September 2020
Oct 5, 2020
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report The U.S. economy added 661,000 non-farm jobs in September, below the 800,000 job growth expected...
Job Market/Industry News
BLS Employment Situation Report: August 2020
Sep 10, 2020
Summary of the Bureau of Labor Statistics Monthly Employment Situation Report Showing signs that the U.S. economy is settling in for a slow and steady recovery after a three ...