Net 245 thousand people went back to work in november. That is significantly slower than we have seen every month since we started gaining again. Private payrolls, only 344,000. Last month in october, that was 877,000. The unlimit rate does fall to 6. 7 , but that is in large part because fewer people were in the labor force looking for jobs. Heres the thing that i think is really going to be important as we look at how the pandemic reshaped the economy. You look at what happened with retail hiring. 35,000 jobs lost in retail in a month when they are usually hiring for holiday sales. Createdad 118,000 jobs in the warehousing and courier sectors, which are the people who work for the online sales departments. It is a real change. Finally, the total labor force is still 9. 8 million below where it was in february. So no matter how well we have come back, no matter what that initial v looks like, it is starting to flatten out now, and you still have almost 10 Million People who had jobs i
Jimmy li will join me this hour in this exclusive interview. Markets on the upswing to begin futures. Take a look at dow industrials 344 points. Nasdaq up 109. Thats almost 1 . S p higher by 9 points. The dow posting best month since 1987 with gain of almost 12 , other averages also higher by 12 and 11 all this as we await key testimony from federal jay powell and jimmy mnuchin today and unused covid relief funding. Return to high seas, we are taking you on a port on how they are getting ready. Another missing monolith moved. Making a buzz this morning. Mornings with maria live right now. Maria all right, european markets meanwhile look like this as rally is underway on wall street. European markets higher across the board. Ftse up 123 points. Almost 2 , cac quarante up 62 and dax index up 135. British factories reporting fastest growth in 3 years. Purchasing Managers Index rising to 55. 6 in the month of november. In asia overnight green across the board. Chinas manufacturing pmi54. 9
Generation he says. Meanwhile it is jobs day that november jobs report out this morning two and a half hours time 8 30 a. M. Eastern, economists expect 469,000 jobs added to economy with the Unemployment Rate ticking down for a 7th straight month to 6. 8 ahead of the jobs number futures are higher in the triple digits. Dow industrials right now up 136 the nasdaq up 48 and s p 500 higher by 13. After a mix performance yesterday, all three major indices poised to finish the week in the green with a the dow industrials yesterday at 85 nasdaq up 27 and s p 500 weaker by two and a quarter. Taking on big tech, President Trump going after the new defense bill that has no repeal of section 230 of the Communications Act. Threatening to veto it if it is not changed. We are taking a look at that. Plus somebody is watching me. The new technology that can detect whether remote employees are being lazy about work it is making a buzz this morning. Mornings with maria is live right now. European marke
Pfizers chairman admits that theyre not sure if someone can transmit the virus after vaccination. And call it a box office reset, warner bros. Will release films simultaneously in theaters and streaming platform hbo max it is a seismic change, carl, in the economics for those related to the film business and well certainly be willing to and happy to take a closer look and discuss it. Yeah. Fascinating change in the economics there. But, guys, jobs numbers, the story of the morning, jim, not just the number itself and the trend it outline, but the degree to which it is going to color the debate on capitol hill today and maybe next week. I think it is enough ammo to say, look, we have to do something, there is some areas of the economy that just are cannot be sustained. Dont forget, these numbers are ahead of what will be a gigantic eviction notice that more than maybe more than 13 Million People get in january. I think this number is just enough to be able to say, lets compromise it is
Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when