The November jobs report could have been better; only 210,000 jobs added nationally.

The Bureau of Labor Statistics released the jobs report for November, to mixed reviews. BLS reports,

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate
fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported
today. Notable job gains occurred in professional and business services, transportation
and warehousing, construction, and manufacturing. Employment in retail trade declined over
the month.

Analysts had expected better. Calculated Risk notes,

This was well below consensus expectations; however, August and September were revised up by 82,000 combined.

CR also comments,

The headline jobs number in the November employment report was below expectations, however, employment for the previous two months was revised up by 82,000.   The participation rate and employment-population ratio both increased, and the unemployment rate decreased to 4.2%.

Leisure and hospitality gained 23 thousand jobs in November.  In March and April of 2020, leisure and hospitality lost 8.22 million jobs, and are now down 1.33 million jobs since February 2020.  So, leisure and hospitality has now added back about 84% all of the jobs lost in March and April 2020.
So, some good news. The Wall Street Journal report also finds reasons for optimism in the face of uncertainty.

Hiring slowed last month amid Covid-19 uncertainties, but people returned to the labor force in droves in a sign the tight labor market could be loosening.

The U.S. economy added a seasonally adjusted 210,000 jobs in November—the smallest gain since last December and a marked slowdown from an upwardly revised increase of 546,000 in October, the Labor Department said Friday. Almost 600,000 people joined the workforce, and the unemployment rate fell to 4.2% from 4.6%.

The Associated Press reports,

The government reported Friday that businesses and other employers added just 210,000 jobs in November, the weakest monthly gain in nearly a year and less than half of October’s increase of 546,000.

But other data from the Labor Department’s report painted a brighter picture. The unemployment rate plummeted from 4.6% to 4.2% as a substantial 1.1 million Americans said they found jobs last month.

The U.S. economy still remains under threat from a spike in inflation, shortages of labor and supplies and the potential impact of the omicron variant of the coronavirus. But for now, Americans are spending freely, and the economy is forecast to expand at a 7% annual rate in the final three months of the year, a sharp rebound from the 2.1% pace in the previous quarter, when the delta variant hobbled growth.

Still a challenging labor market for employers and many jobseekers.