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Jobs report shows employers nervous about variants

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America's employers slowed the pace of their hiring in November, adding 210,000 jobs, the lowest monthly gain in nearly a year. But Friday's report from the Labor Department also showed that the nation's unemployment rate tumbled from 4.6% to 4.2% evidence that many more people reported that they had a job. That is a historically low jobless rate though still above the pre-pandemic level of 3.5%. Overall, the November jobs figures point to a job market and an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.


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