In November, 228,000 jobs were added according to economy according to the Bureau of Labor Statistics. FiveThirtyEight Visual Journalist Julia Wolfe breaks down the meaning of this report.
Wolfe says these numbers are more of an estimate, and will be revised over the coming months. Wolfe says the Bureau of Labor Statistics says the first report could range by 120,000. So a number that first seems impressive could change drastically over the coming months as more data surfaces.
Looking at the last five years, it's clear we are seeing growth in the economy, says Wolfe. When looking at future jobs reports, Wolfe says it's imperative people look at revised numbers from past months.
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It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.
