But for now, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a sharp rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth.” economy still remains under threat from a spike in inflation, shortages of labor and supplies and the potential impact of the omicron variant of the coronavirus. The unemployment rate plummeted from 4.6% to 4.2% as a substantial 1.1 million Americans said they found jobs last month.” “But other data from the Labor Department’s report painted a much brighter picture. The topline numbers: “The government reported Friday that private businesses and other employers added just 210,000 jobs in November, the weakest monthly gain in nearly a year and less than half of October’s gain of 546,000,” AP’s Christopher Rugaber writes. JOBS REPORT BREAKDOWN - What’s the big takeaway from the November jobs report? Well, it’s a bit of a “mixed picture,” per the AP. All guests and dinner staff will be required to be vaccinated. journos and pols will be back mingling in the cavernous ballroom of the Washington Hilton on April 30, 2022. IT’S BAAAAACK! - The White House Correspondents’ Association announced today that its annual dinner - informally and half-self-effacingly known as “Nerd Prom” - will return in-person next spring.
President Joe Biden touted the low unemployment rate on Friday while nodding at Americans’ widespread pessimism about the economy - and offered his Build Back Better package as a way to change those perceptions.
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