Financial News: US jobs less than expected

The US Labor Department reported today that payrolls in November were up by just 210,000, far below the 550,000 jobs forecast.

The job growth drop comes prior to the discovery of the newly identified omicron variant of COVID, which will likely slow the global economy's recovery. It's still not clear just how dangerous omicron is, and whether it is capable of causing more severe illness. Preliminary findings show an increased risk of reinfection.

Public health officials have urged caution against panic.

Photo: Unemployed