And employment rose by 647,000 in November compared to the prior estimate of 249,000. By every measure, the labor market is bursting at the seams. The economy is missing as many as 4 million workers who likely would be employed now had the pandemic never happened. The strong labor market has given more leverage to workers to ask for higher pay or take better-paying jobs. Employment rose by 151,000 last month in the hospitality business.
