The U.S. economy added jobs in November and the unemployment rate fell. But trouble is brewing under the surface, according to economists.
Biden said Friday’s underwhelming jobs report foreshadows a “dark winter” that demands “urgent action” from Trump and Congress.
Southwest Airlines, which has never laid off a worker in its 49-year history, notified 6,828 employees Thursday that they may be involuntarily furloughed next year.
Signs of hope for workers in the hard-hit Hospitality field all but disappeared in November, and their prospects for getting re-hired grow bleaker by the month.
Food and drinking places lost 17,400 jobs in November, and the industry has an unemployment rate of 13.8%.
There is a recovery happening. But it’s helping some people immensely and others not at all. And it’s that second part that poses a massive risk to the Biden-Harris administration’s chance of success.