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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.


Labor force
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


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 %.


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) 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.


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.





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.
 
Labor force participation rate
is the labor force as a percent of the population.
 
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







Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)




     
       
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