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Follow-up to US employers add 165,000 jobs in October
Average US job search tops 27 weeks
US employers added far more October jobs than forecasters expected, but the same report showed the average jobless worker searching for over 27 weeks. That is the longest stretch outside the pandemic since 2016. Most unemployment benefits stop after 26 weeks, so the average search outlasts them. Companies are holding on to staff but adding few new workers.
Sources
US adds 165,000 October jobs, beating 59,000 forecast
The whole story · updated
CN
CNBC
· 1w ago
A disturbing employment trend is hiding beneath the latest strong job numbers