U.S. November Unemployment Rate Declines to 4.2%

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by 0.4 percentage point to 4.2 percent. Job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Retail trade lost jobs.

America's Monthly GDP Rose in October

America's monthly GDP “rose by a disappointing month-to-month annualized rate of 0.9 percent in October,” said Professor Evangelos Simos, Editor-in-Chief. The latest issue of Monthly GDP Warp Digest, second estimate, “…visualizes that real monthly GDP is on a flight path for a hard landing to a stagnation plateau, after a 2021 growth voyage at a speed of 6.3 percent in quarter one, 6.7 percent in quarter two, and 2.0 percent in quarter three,” Professor Simos added.

HVS Hotel Market Report – Bend, Oregon

Bend’s strategic location as a drive-to destination in Central Oregon, within driving distance of Crater Lake National Park, Smith Rock State Park, and Deschutes National Forest, made it a bright light during the pandemic and contributed to the local lodging market’s resiliency.