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The Wall Street Publication > Blog > Business > Gains in Workforce Point to Loosening of Labor Market
Business

Gains in Workforce Point to Loosening of Labor Market

Editorial Board Published December 3, 2021
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Gains in Workforce Point to Loosening of Labor Market
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Hiring slowed last month amid Covid-19 uncertainties, but people returned to the labor force in droves in a sign the tight labor market could be loosening.

The U.S. economy added a seasonally adjusted 210,000 jobs in November—the smallest gain since last December and a marked slowdown from an upwardly revised increase of 546,000 in October, the Labor Department said Friday. Almost 600,000 people joined the workforce, and the unemployment rate fell to 4.2% from 4.6%.

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