New jobs numbers released on Friday severely undershot economists’ expectations. The US economy added only 210,000 jobs in November, a far cry from the 550,000 jobs that had been expected by many economists.
Why it Matters: The numbers illustrate the difficulty faced by the Biden Administration as it attempts to get the US economy fully restarted after almost two years of pandemic-induced distress.
And with winter fast approaching and with it a new variant of the coronavirus, Omicron, the economic situation is looking bleaker and bleaker for Biden.
Some on the left disputed the numbers, however, claiming that it was likely they will later be revised upward.
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