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Jobs: The Economy Only Added 28k jobs from Jan-Jun

Exploring Finance | SchiffGold | 20 Dec, 2025

Note: This includes the Jobs report for November that was released on December 16th and the QCEW Report released on Dec 19th

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

Current Trends

The jobs report showed a modest increase of 64k jobs in November. This followed an estimated loss of 105k jobs in October. The Household Survey report was actually higher at 96k jobs for the month of November. There was no Household Survey for October.

BLS economy employment revisions Fed policy inflation jobs report labor market Powell QCEW quantitative easing unemployment