By the Numbers: The holiday season economy

Retail jobs have been cut during the typically busy holiday season, while other industries are recovering.
1:05 | 12/05/20

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Transcript for By the Numbers: The holiday season economy
Economy and a slowing US job recovery as we head into the winter holidays with Kobe case is exploding in many businesses locking down. Here's a look at by the numbers US employers added 245000. Jobs last month down significantly from the 6101000. Jobs added in October. And the unemployment rate dropped slightly to six point 7% the Labor Department said today. 35000. Retail jobs were lost that's a big blow since retail normally picks up before Christmas and Chanukah. For example a job site zip recruiters says they're seeing 18% fewer holiday job postings this year. Nearly 2.2 million women have left the US work force since the pandemic it some because of child care issues and challenges of remote learning. Unemployment is also lasting longer more than nineteen weeks on average compared to just nine weeks on average before the company crisis but here's a surprising bright spot because we certainly need one new business applications are up to 46% compared to last year which means that Americans are launching new start ups at the fastest rate in more than a decade. According to census data.

This transcript has been automatically generated and may not be 100% accurate.

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