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Job Gains Despite Overall Labor Weakness

Offshore Oil Expansion Plan off California and Florida

On November 20, 2025, data from the U.S. Bureau of Labor Statistics was released showing that the economy added 119,000 non-farm jobs in September, significantly exceeding expectations. Meanwhile, the unemployment rate rose to 4.4% compared to 4.3% in August, marking the highest rate since 2021. The reports came after a long delay due to a government shutdown and also showed downward revisions for previous months' data, with August revised to a loss of 4,000 jobs instead of an increase.

On the same day, the White House announced a controversial plan to start new oil drilling licenses off the coasts of California and Florida, as part of a strategy aimed at boosting American energy production.

These developments raise questions about the future of monetary policy for setting interest rates at the Federal Reserve, as well as about the balance between economic development and environmental nature.

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