Larry Kudlow, chief economics adviser at the White House, said the US economy remained strong. Despite today’s release, lower than expected employment figures.
“When we consider all sectors of the economy Let me say the US economy is very strong. And there is a V-shaped recovery,” said Kudlow.
The United States Department of Labor reported. The number of non-farm payrolls rose to just 245,000 in November. Among these, analysts had forecast 440,000 and less than 610,000 in October. Affected by the spread of the COVID-19 virus.
The unemployment rate fell to 6.7 percent in November, in line with analysts’ expectations. After reaching 6.9% in October.