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
That really picked up after the good jobs number. That is the election uncertainty lets get back to election uncertainty. Joe biden has taken the lead in pennsylvania and georgia, remains ahead in nevada and georgia. We expect updates from all four today. For more, we are joined by Bloomberg Government congressional reporter emily wilkins, at the biden headquarters in wilmington, delaware. What is the latest . Emily the Biden Campaign has a tricky thing to do today. They have to continue to project confidence that biden is going to be the winner. That is what it is looking like right now. But what he also has to do is make sure that he doesnt get out there and declare victory. Biden has already said he cannot declare victory, trump cannot declare victory, but that they need to wait for the votes to be counted and for it to be called. Thank, indeed. Bloombergs thank you very much, indeed. Bloombergs emily wilkins. Lets bring in Josh Wingrove in washington. The Trump Campaign saying this
Investors are awaiting the latest gdp data from china. Growthrg economics sees above 5 . And then just send a rv and dens historic victory. She is considering a new coalition. We have s p and nasdaq futures. You can see the and the view shirts are actually about a third, and they were pretty flat on friday. The s p 500 at 3483. The nasdaq took a bit of a beating. Was not the usual biggest day ever. Keepler sentiment helped stocks from really falling. Lets move to the oil markets. What we have here is an advance on the on the week shrinking u. S. Crude stockpiles. At what isok ,appening in the week ahead what are they going to do about their plans to cut production, boost prices. This is the big question as the week begins. Haidi lets look at gdp. The kiwi stocks are at 7 10 of 1 . Warre looking at a tug of situation. The aussie dollar rebounding ardens historic victory. She has a mandate to govern alone, but apparently this will continue. There may be an upside of half a percent. Incre
As we await clarity from jay powell in the new inflation policy. Ray dalio says fiscal and monetary injections have put the dollar under threat. Johnson revolt, boris reaches out to rebels in his own party to gain support for his plan to override the brexit deal he struck with the eu. Ftse futures are underperforming. Facebook versus the ftc, u. S. Authorities are preparing a possible antitrust lawsuit against the social network. Kim kardashian urges her 188 million instagram followers to freeze their facebook accounts. We have breaking news in the form of earnings coming across the ticker. Thespanish giant hosting of 8 billiones euros. Net sales a little more than 8 billion euros. We were expecting a net loss in the first half. Euros in 195 million terms of earnings before interest and taxes. There was a loss there also, 198 Million Euros, but it did have a positive earnings before interest taxes depreciation of 1. 4 9 billion euros. We will bring you any breaking news. Remember yeste
Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There