Delayed Jobs Report Shows October Losses, November Gains Following Government Shutdown

A jobs report delayed by the government shutdown reveals mixed employment data for October and November, according to the Bureau of Labor Statistics.

The U.S. economy lost 105,000 jobs in October but rebounded with 64,000 jobs added in November. The unemployment rate climbed to 4.6% in November, marking the highest level since September 2021.

A substantial portion of October's job losses stemmed from federal government employment reductions. Federal workers who accepted deferred resignation offers from the Department of Government Efficiency left federal payrolls during that period. Since the beginning of the year, federal government employment has declined by 271,000 positions.

The government shutdown also delayed the release of inflation data, which is now expected to be published on Thursday.