U.S. employment saw its largest drop since the end of 2020 in October.

According to data released Tuesday by the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 64,000 in November, compared to a decrease of 105,000 in October. The unemployment rate last month was 4.6%, higher than September's 4.4%, the highest level since 2021. The Bureau of Labor Statistics had to forgo releasing the October unemployment rate because it could not retrospectively collect the data after the government shutdown. The October job decline was the largest drop since the end of 2020, as workers participating in the Trump administration's buyout resignation program officially left the employment list, resulting in a decrease of 162,000 federal government jobs. (Jinshi)