November Payrolls Jump 132,000; Unemployment Rate Up Slightly to 4.5%
Total
nonfarm payroll employment rose by 132,000 in November to 136.0 million
and the unemployment rate edged up from 4.4% to 4.5%, according
to data from the Bureau of Labor Statistics of the U.S. Department of
Labor reported today. Over the year, the number of unemployed persons has
declined from 7.6 million to 6.8 million while the unemployment rate has
come down from 5.0%.
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:
- November U.S. Payrolls Jump 132,000; Jobless Rate Increases to 4.5 Percent - Bloomberg
- Employers
boost payrolls by 132,000
BusinessWeek - US November non-farm payrolls up 132,000, unemployment rate rise ...Forbes
- Dollar rises after stronger payrolls data MarketWatch
