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  • hiring in the United States fell to a five month low in October in the clearest sign yet of an economic rebound that's losing strength.

  • 638,000 new jobs were created last month, according to Friday's closely watched employment report.

  • More than 10 million jobs were yet to come back since the health crisis took a whack at the labor market earlier this year.

  • Employers have slowed down on their hiring in recent months as extra financial stimulus from the government dried up.

  • And with the health crisis now flaring up again, three US this week said a new daily record on infections.

  • And there's little chance of another fiscal stimulus package coming out of Washington this year.

  • After the vote this week that puts focus on the Federal Reserve, which months ago pushed interest rates to near zero and have kept them there since Fed Chairman Your Own Power on Thursday acknowledged the rebound was losing strength.

  • He pledged to doom or and called on Congress to do the same.

  • I think we'll have a stronger recovery if we could just get a least some more fiscal support when it's appropriate, you know when it's appropriate into the size.

  • Congress thinks it's appropriate, but the recovery hasn't lost all of its momentum.

  • The unemployment rate fell to 6.9% in October from 7.9% the month before, as some of the tens of millions of Americans who were once out of work started looking for a job again and found one.

  • It's now the task of whoever wins the battle for the White House to figure out how to put even more people back to work.

hiring in the United States fell to a five month low in October in the clearest sign yet of an economic rebound that's losing strength.

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B1 hiring month fiscal stimulus rebound health crisis

U.S. hiring slows to 5-month low, jobless rate drops

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    林宜悉 posted on 2020/11/08
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