Per COVID-19 before November 2020, employment layoffs skyrocketed each month and employees have taken advantage of cashing in all of the unemployment benefits. Among the unemployed, the number of people on temporary leave lowered to 2.8 million by 441,000 in November, which is good news! However, as workers are slowly returning to their jobs or finding new ones, the employment rate for November has gone from 6.9% to 6.7% due to these layoffs.
Corporations have additionally gained 245,000 jobs in November 2020, according to the latest employment report from the Bureau of Labor Statistics (BLS). Warehousing and manufacturers added the largest number of workers in November, with 145,000 positions. (Find out more about light industrial available positions here.)
Check out our breakdown of industries based on the Bureau of Labor Statistics:
- Manufacturing: Employment changes – 27,000
Low 8,000 High 46,000
- Finance: Employment changes – 15,000
Low 1,100 High 28,900
- Education & Health: Employment changes – 54,000
Low 11,700 High 96,300
- Retail: Employment changes – 34,700
Low -55,300 High -14,100
- Other Services: Employment changes – 99,000
Low -136,700 High -61,300
While the unemployment rates have dropped slightly, there are a total of 6.4 million jobs that have been added this month despite unemployment fluctuating. Let XL Pro we can help you find the jobs you may have missed this month!
Find out more about how we can help you improve your odds in our “Tips for Success” blog section.