Unemployment Rate Falls to 4.2 Percent as Covid Concerns Surge

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Employment rose by 210,000 in October as the U.S. unemployment rate fell to 4.2 percent, according to the most recent U.S. Bureau of Labor Statistics report. This is well below the half-million gain that had been expected. The number of unemployed persons fell by 542,000 to 6.9 million. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. Among the major worker groups, the unemployment rates for adult men (4.0 percent), adult women (4.0 percent), Whites (3.7 percent), Blacks (6.7 percent), and Hispanics (5.2 percent) declined in November. The jobless rates

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