Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao:
“We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading into a dark winter.”
There’s no doubt that millions of households have been – and continue to be -devastated by the economic downturn caused by the pandemic.
We should, however, put the current situation into perspective. Where we currently stand is much better than where most experts thought we would be at this time. Jed Kolko, Chief Economist of Indeed, explained in his State of the Labor Market that, though the situation is not good, we’re doing better than original expectations:
“Though the labor market rebound is incomplete, it has nevertheless surpassed expectations. In May, after...
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