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Friday, 3 December 2021

Millions Remain Long-Term Unemployed Despite Big Decline in November US Jobless Rate

The new US jobs report showed an unexpectedly large decrease in unemployment alongside a smaller-than-expected increase in non-farm payroll jobs. Economists say it could mean the US is approaching full employment, meaning interest rate hikes could be on the way. However, longer-term unemployed numbers remained almost unchanged.

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