“So 210,000 — so if we look at that breaking news right now, that’s a number that feels a little, what? A little off?” Mika Brzezinski questioned.
Psaki initially claimed she was not allowed to comment on the new information until a set time later in the morning.
“Well, I know this sounds a little archaic, but I can’t comment on them until 9:30. By rules since I work at the White House,” Psaki responded.
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Her response was met with friendly laughs from the “Morning Joe” panel before she offered the White House’s official spin regardless of the report’s contents.
“I will say what people can expect the president to continue to say today, month to month, is that what we’re seeing are good trends,” Psaki said.
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Dow Jones economists predicted that more than 570,000 jobs would be added in November, but new statistics released by the U.S. The Department of Labor suggests only 210,000 jobs were created.
Fox News reported that “there are still about 3.9 million fewer jobs than there were last February” before the government-induced economic shutdowns commenced. Some of these jobs are located in the restaurant and hospitality industry, which has experienced a nearly 7 million job recovery since the beginning of COVID-19 but still misses pre-pandemic levels by 1.3 million.
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U.S. job growth significantly undershot expectations in November, suggesting that difficulty in attracting new workers is weighing on the labor market's recovery from the pandemic.
The Labor Department reported in its monthly payroll report released Friday that payrolls in November rose by just 210,000, well below the 550,000 jobs forecast by Refinitiv economists. It marked the worst month for job creation so far this year. The unemployment rate (which is calculated based on a separate survey) dropped more than expected to 4.2% from 4.6% — the lowest level since the pandemic began.
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The labor market had been gaining momentum after a delta-induced slowdown over the summer, but the latest figure represents a significant drop from October's upwardly revised number of 546,000 and September's upwardly revised 379,000. There are still about 3.9 million fewer jobs than there were last February before the crisis began.
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"Today's employment report is doubly disappointing, because the reference week occurred just as it looked like Covid was on the retreat," said Justin Wolfers, a University of Michigan economist. "This was a moment for people to return to malls and to return to work. The COVID-related news has only gotten worse since then."
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