Name: November unemployment rate rose to 4.6%, highest since Sept. 2021
Uploaded: 2025-12-16T17:13:13.336Z
Duration: 1 min 49 s
Description: CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the November jobs data.

CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the November jobs data.

The US unemployment rate rose to 4.6% in November, reaching its highest point since September 2021. The latest jobs data shows that most employment gains came from the education and health services sectors, with manufacturing and construction continuing to underperform.

Analysts noted a persistent mismatch in the labor market, as there are not enough workers with skills for construction jobs, while healthcare remains well-staffed. Discussions also highlighted concerns about the overall pace of job creation and the need for structural changes to address these issues.

November unemployment rate rose to 4.6%, highest since Sept. 2021

Let's begin, though, with Margaret's reaction to the delayed jobs data, Jim. Once again, it's basically education and health services that are doing the lion's share of the work. Yeah, we don't want that. That's the old days. I wish there had been more manufacturing. I honestly think Aloe, the interesting piece today about Michael Entrader and Corley. In which you were quoted, or at least referenced. It was quoted, I think, during an interview we conducted, Carl. So it's nice to know that we don't count at all. You know, you drove right down to the heart of what I was going to say. You're so good. You're like a heat-seeking missile. No, I just think that one of the problems, and I think Michael would tell you this, there's a mismatch. Like, we don't have the people who can do those jobs. They can't pour the concrete. They don't know how to put the rebar in. They don't know how to move the racks in. But we do have people who can do healthcare. And I don't, it worries me. Because there's no change in that. It's not like we're putting so many people to work. Michael Entrader is sitting down with lots of good people, trying to change the structure. But I would say, if I were President Trump, and I think we get to be a little bit like President Trump today with the setup of our show, I'd say 64,000 jobs, 340,000 million people. Are you kidding me? That's ridiculous. We've got to triple that. How do we do that? 1% rate. 1%. So you're now in agreement with the President that we need 1%? I told you I was going to be, I was going to channel President Trump. Oh, I see. Right. That's what we have to do. You see, we can actually just play it straight and not get the right answer. Mr. Hassan, would you lower rates? We have to be a little more creative than that as journalists. And I am saying that out of the time when I was a judge in The Apprentice, you don't just say, no, I'm sorry, Mr. Trump, that's not going to fly. You don't do, that's not going to fly, because that doesn't fly.

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