Economy gains 266,000 jobs, unemployment rate 3.5 %
U.S. Employment Report
The nonfarm payrolls grew 266,000 in November, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending,
In November the U.S. economy added 266,000 jobs on the seasonally adjusted basis and the jobless rate fell to 3.5 %, from 3.6 %, reported by the Labor Department.
As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.05 % to 158,59 millions, the education and health services sectors employment rose by 74,000, the mining and logging lost -7,000 jobs.
At Nov. 2019 Total number of unemployed persons
deacreased to 5.81 millions, a deacrease of 44.00
thousands or -0.75 % from Oct. 2019, Unemployment rate
decreased to 3.50 %, from 3.60% in previous month.
In November 266,000 nonfarm payrolls were created.
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Labor force
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Average workweek remained unchanged in November on the seasonally adjusted basis, hours worked at the durable goods manufacturers grew at the highest pace to 82.20 hours, the biggest decline took place in transportation and warehousing sectors down to 38.40 hours, reported by the U.S. Labor Department.
With modest increase in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $973.18 from $969.39 in the previous month.
The number of employed persons
increased to 158.59 millions by 83.00 thousands or 0.05 % in Nov. 2019.
Total Labor force
increased to 164.40 millions.
Average weekly earnings where $973.18 dollars, in Nov. 2019
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Average Weekly Hours of Production
The decline in the unemployment rate, which is based on a separate household survey, seemed solid. The number of unemployed workers sunk to 5.81 million, a decrease by -44,000 from 5.86 million in October by -0.75 % on the seasonally adjusted basis.
About 40,000 entered the labor force in November as some discouraged job seekers return to the labor market, driving the employment participation rate down -0.10 % to 63.20 %.
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The U.S. Labor Department announced hourly wages increased modestly by 0.39 % to $28.29, an increase of $0.11 from $28.18 in October in November on the seasonally adjusted basis.
On a year-over-year basis, earnings were up 3.44 %, This is above the % year-over-year increase in the consumer price index in November.
Construction Industry
fell to 39.10 hours per week, from Oct. 2019; Manufacturing Industry
rose to 40.50 hours per week, Durable goods Industry
increased to 82.20 hours per week, Nondurable goods Industry
advanced to 39.70 hours per week.
Average Weekly Hours of Production for private serviceproviding
industry
remained unchanged from Oct. 2019; Trade, transportation & utilities Industry
fell to 34.10 hours per week, from Oct. 2019 .
Financial activities Industry Average Weekly Hours of Production
moved up to 37.80 hours per week, from Oct. 2019.
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Information Industry Average Weekly Hours of Production
fell to 36.30 hours per week, from Oct. 2019; Professional & business services Industry
remained unchanged from Oct. 2019;
Education & health services Industry
advanced to 33.10 hours per week, from Oct. 2019; Leisure & hospitality Industry
remained unchanged from Oct. 2019; Other services Industry
grew to 31.90 hours per week, from Oct. 2019.
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Employment
Situation
( in millions or %) |
Nov. 2019
prel. |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
| Unemployment rate |
|
3.5 % |
3.6 % |
3.5 % |
3.7 % |
3.7 % |
3.7 % |
| Number of unemployed persons |
|
5.811 |
5.855 |
5.769 |
6.044 |
6.063 |
5.975 |
| Number of Employed persons |
|
158.593 |
158.510 |
158.269 |
157.878 |
157.288 |
157.005 |
| Employment/population ratio |
|
61 % |
61 % |
61 % |
60.9 % |
60.7 % |
60.6 % |
| Civilian labor force |
|
164.404 |
164.364 |
164.039 |
163.922 |
163.351 |
162.981 |
| Participation rate |
|
63.2 % |
63.3 % |
63.2 % |
63.2 % |
63 % |
62.9 % |
| Civilian noninstitutional
population |
|
260.020 |
259.845 |
259.638 |
259.432 |
259.225 |
259.037 |
| Persons who currently want a job outside CLF |
|
4.831 |
4.753 |
4.880 |
5.150 |
5.043 |
5.322 |
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands) |
|
Nov. 2019
prel. |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
| Nonfarm Payrolls |
|
+266.0 |
+128.0 |
+180.0 |
+130.0 |
+164.0 |
+193.0 |
| Total Private Payrolls |
|
+254.0 |
+131.0 |
+167.0 |
+96.0 |
+148.0 |
+179.0 |
| Goods-producing Payrolls |
|
+48.0 |
-26.0 |
+7.0 |
+12.0 |
+15.0 |
+29.0 |
| Mining & logging |
|
-7.0 |
- |
+1.0 |
-5.0 |
-5.0 |
-1.0 |
| Construction |
|
+1.0 |
+10.0 |
+11.0 |
+14.0 |
+4.0 |
+18.0 |
| Manufacturing Payrolls |
|
+3.1 |
+3.2 |
+3.2 |
+3.2 |
+3.2 |
+3.4 |
| Durable goods |
|
+44.0 |
-41.0 |
-6.0 |
- |
+12.0 |
+11.0 |
| Motor vehicles and parts |
|
+41.3 |
-41.6 |
-3.5 |
+0.1 |
+7.2 |
-0.1 |
| Nondurable goods |
|
+10.0 |
+5.0 |
+1.0 |
+3.0 |
+4.0 |
+1.0 |
| Private service-providing Payrolls |
|
+206.0 |
+157.0 |
+160.0 |
+84.0 |
+133.0 |
+150.0 |
| Wholesale trade |
|
-4.3 |
+10.8 |
+7.1 |
+2.9 |
+6.7 |
-1.3 |
| Retail trade |
|
+2.0 |
+6.1 |
+6.7 |
-11.1 |
-3.6 |
-6.7 |
| Transportation and warehousing |
|
+15.5 |
+9.9 |
+6.3 |
-0.5 |
+0.3 |
+20.5 |
| Information |
|
+13.0 |
-4.0 |
+4.0 |
- |
-10.0 |
+14.0 |
| Financial activities |
|
+13.0 |
+16.0 |
+8.0 |
+15.0 |
+18.0 |
+3.0 |
| Professional and business services |
|
+38.0 |
+22.0 |
+37.0 |
+37.0 |
+38.0 |
+38.0 |
| Temporary help services |
|
+4.8 |
-8.1 |
+20.1 |
+15.4 |
+2.2 |
-0.9 |
| Education and health services |
|
+74.0 |
+39.0 |
+49.0 |
+32.0 |
+66.0 |
+57.0 |
| Health care and social assistance |
|
+60.2 |
+34.2 |
+44.8 |
+36.8 |
+50.4 |
+44.8 |
| Leisure and hospitality |
|
+45.0 |
+61.0 |
+45.0 |
+12.0 |
+10.0 |
+7.0 |
| Other services |
|
- |
- |
- |
- |
- |
- |
| Government Payrolls |
|
- |
- |
- |
- |
- |
- |
Civilian labor force
is the sum of employed and unemployed persons. |
|
|
Unemployment Rate
is the number unemployed as a percent of the labor force. |
|
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Labor force participation rate
is the
labor force as a percent of the population. |
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Employment-population ratio
is the employed as a percent of the population. |
| Average weekly Salary by Industry ($) |
Nov. 2019
prel. |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
| Total private |
|
973.18 |
969.39 |
967.33 |
966.98 |
959.71 |
959.76 |
| Goods producing |
|
1,181.08 |
1,177.06 |
1,183.01 |
1,176.85 |
1,166.60 |
1,170.39 |
| Natural resources &
mining |
|
1,610.07 |
1,625.39 |
1,601.05 |
1,576.98 |
1,581.78 |
1,567.05 |
| Construction |
|
1,215.23 |
1,216.34 |
1,227.43 |
1,215.10 |
1,202.33 |
1,207.30 |
| Manufacturing |
|
1,136.03 |
1,125.98 |
1,130.36 |
1,129.90 |
1,119.08 |
1,126.17 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
2,427.37 |
1,199.52 |
1,201.64 |
1,204.23 |
1,398.24 |
1,194.74 |
| Nondurable goods |
|
1,012.35 |
1,007.42 |
1,009.73 |
1,006.14 |
1,000.44 |
1,004.80 |
| Private serviceproviding |
|
930.93 |
926.94 |
924.95 |
927.74 |
920.97 |
917.98 |
| Trade, transportation
& utilities |
|
836.47 |
835.16 |
833.80 |
836.92 |
827.95 |
827.64 |
| Wholesale trade |
|
1,240.98 |
1,232.35 |
1,229.24 |
1,230.35 |
1,215.99 |
1,220.68 |
| Retail trade |
|
607.26 |
607.41 |
608.78 |
608.30 |
606.63 |
602.64 |
| Transportation & warehousing |
|
963.46 |
964.61 |
962.12 |
964.61 |
952.88 |
953.86 |
| Utilities |
|
1,796.74 |
1,752.20 |
1,761.04 |
1,778.26 |
1,745.55 |
1,780.25 |
| |
|
|
|
|
|
|
| Information |
|
1,535.13 |
1,537.17 |
1,535.92 |
1,538.03 |
1,528.84 |
1,519.70 |
| Financial activities |
|
1,369.49 |
1,362.25 |
1,353.38 |
1,369.26 |
1,357.74 |
1,354.73 |
| Professional & business
services |
|
1,236.59 |
1,230.80 |
1,223.07 |
1,228.39 |
1,214.04 |
1,213.79 |
| Education & health
services |
|
920.51 |
913.11 |
912.45 |
910.14 |
905.41 |
903.43 |
| Leisure & hospitality |
|
432.67 |
430.60 |
430.09 |
430.46 |
428.02 |
428.90 |
| Other services |
|
805.48 |
800.72 |
797.86 |
797.23 |
795.00 |
793.73 |
| Average weekly hours of production by Industry |
Nov. 2019
prel. |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
| Total private |
|
34.40 |
34.40 |
34.40 |
34.40 |
34.30 |
34.40 |
| Goods producing |
|
40.20 |
40.20 |
40.50 |
40.40 |
40.20 |
40.40 |
| Natural resources &
mining |
|
46.20 |
46.40 |
46.30 |
46.30 |
46.40 |
46.50 |
| Construction |
|
39.10 |
39.30 |
39.80 |
39.40 |
39.10 |
39.30 |
| Manufacturing |
|
40.50 |
40.30 |
40.50 |
40.60 |
40.40 |
40.70 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
82.20 |
40.80 |
40.90 |
41.10 |
48.00 |
41.00 |
| Nondurable goods |
|
39.70 |
39.60 |
39.80 |
39.80 |
39.70 |
40.00 |
| Private serviceproviding |
|
33.20 |
33.20 |
33.20 |
33.30 |
33.20 |
33.20 |
| Trade, transportation
& utilities |
|
34.10 |
34.20 |
34.20 |
34.30 |
34.10 |
34.20 |
| Wholesale trade |
|
39.00 |
38.90 |
38.90 |
38.80 |
38.80 |
38.90 |
| Retail trade |
|
30.50 |
30.60 |
30.70 |
30.80 |
30.70 |
30.70 |
| Transportation & warehousing |
|
38.40 |
38.60 |
38.50 |
38.40 |
38.10 |
38.40 |
| Utilities |
|
42.80 |
42.10 |
42.10 |
42.40 |
41.90 |
42.60 |
| |
|
|
|
|
|
|
| Information |
|
36.30 |
36.40 |
36.50 |
36.30 |
36.10 |
36.40 |
| Financial activities |
|
37.80 |
37.60 |
37.50 |
37.70 |
37.60 |
37.60 |
| Professional & business
services |
|
36.20 |
36.20 |
36.10 |
36.30 |
36.10 |
36.20 |
| Education & health
services |
|
33.10 |
33.00 |
33.00 |
33.00 |
32.90 |
32.90 |
| Leisure & hospitality |
|
25.80 |
25.80 |
25.80 |
25.90 |
25.80 |
25.90 |
| Other services |
|
31.90 |
31.80 |
31.80 |
31.80 |
31.80 |
31.80 |
| Average hourly earnings ($) |
Nov. 2019
prel. |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
| Total private |
|
28.29 |
28.18 |
28.12 |
28.11 |
27.98 |
27.90 |
| Goods producing |
|
29.38 |
29.28 |
29.21 |
29.13 |
29.02 |
28.97 |
| Natural resources &
mining |
|
34.85 |
35.03 |
34.58 |
34.06 |
34.09 |
33.70 |
| Construction |
|
31.08 |
30.95 |
30.84 |
30.84 |
30.75 |
30.72 |
| Manufacturing |
|
28.05 |
27.94 |
27.91 |
27.83 |
27.70 |
27.67 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
29.53 |
29.40 |
29.38 |
29.30 |
29.13 |
29.14 |
| Nondurable goods |
|
25.50 |
25.44 |
25.37 |
25.28 |
25.20 |
25.12 |
| Private serviceproviding |
|
28.04 |
27.92 |
27.86 |
27.86 |
27.74 |
27.65 |
| Trade, transportation
& utilities |
|
24.53 |
24.42 |
24.38 |
24.40 |
24.28 |
24.20 |
| Wholesale trade |
|
31.82 |
31.68 |
31.60 |
31.71 |
31.34 |
31.38 |
| Retail trade |
|
19.91 |
19.85 |
19.83 |
19.75 |
19.76 |
19.63 |
| Transportation & warehousing |
|
25.09 |
24.99 |
24.99 |
25.12 |
25.01 |
24.84 |
| Utilities |
|
41.98 |
41.62 |
41.83 |
41.94 |
41.66 |
41.79 |
| |
|
|
|
|
|
|
| Information |
|
42.29 |
42.23 |
42.08 |
42.37 |
42.35 |
41.75 |
| Financial activities |
|
36.23 |
36.23 |
36.09 |
36.32 |
36.11 |
36.03 |
| Professional & business
services |
|
34.16 |
34.00 |
33.88 |
33.84 |
33.63 |
33.53 |
| Education & health
services |
|
27.81 |
27.67 |
27.65 |
27.58 |
27.52 |
27.46 |
| Leisure & hospitality |
|
16.77 |
16.69 |
16.67 |
16.62 |
16.59 |
16.56 |
| Other services |
|
25.25 |
25.18 |
25.09 |
25.07 |
25.00 |
24.96 |
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