December 5, 2020
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“Fed chairman” Chicago disappoints. Employment numbers in November also increased more than 2.4,000 hijacked states to treat COVID-19. At the local level Reduce unemployment rate
Chicago Federal Reserve Chairman Charles Evans expressed disappointment at the dramatic slowdown in US nonfarm payrolls in November.
“There is still a long way to go. And we need to have a stronger employment, ”said Evans.
Evans believes that employment numbers will improve in 2021, boosted by the introduction of the COVID-19 vaccine. This will make the labor market stronger than expected.
The chairman of the Chicago Fed also called on the US government to introduce fiscal measures to help heal sectors. In particular, local governments have been impacted by the coronavirus outbreak.
The US Department of Labor reported. The number of non-farm payrolls rose to just 245,000 in November. Below analysts had forecast of 440,000 and below 610,000 in October. Affected by the epidemic of COVID-19
The unemployment rate fell to 6.7 percent in November, in line with analysts’ expectations. After reaching 6.9% in October.
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