November Payrolls Jump 132,000; Unemployment Rate Up Slightly to 4.5%
In November, total employment, at 145.6 million, was essentially unchanged, and the employment-population ratio remained at 63.3%. The civilian labor force rose by 383,000 to 152.4 million; the labor force participation rate, at 66.3 percent, was about the same as in October.
November Employment Highlights:
- Professional and business services employment increased by 43,000 in November and has risen by 426,000 over the year.
- Health care employment rose by 28,000 in November. Hospitals and doctors' offices each added 6,000 jobs. Over the year, health care employment has increased by 309,000.
- Leisure and hospitality added 34,000 jobs in November, raising total job gains over the last 12 months to 295,000.
- Construction employment declined by 29,000 in November, following a loss of similar size in October.
- The average workweek for production and nonsupervisory workers on private nonfarm payrolls was unchanged at 33.9 hours in November.
- Average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 3 cents, or 0.2 percent, in November to $16.94.
Related discussion around the web: