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U.S. economy continue to add jobs in November

U.S. Employment Report



The nonfarm payrolls grew 155,000 in November, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as the nonfarm payrolls increase in public and private sectors.
In November economy added 155,000 jobs on the seasonally adjusted basis reported by the Labor Department.

Companies in the private service providing sector hired 132,000 workers and payrolls in goods-producing industries rose by 29,000, bringing overall job growth in the pivate sector to 161,000. Nonfarm payrolls were strong accross the board in the November report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 13,000 people.

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 0.15 % to 156,80 millions, the health care and social assistance sectors hired 40,100 employees , the information sector fared poorly by trimming -8,000 jobs.


At Nov. 2018 Total number of unemployed persons deacreased to 5.98 millions, a deacrease of 100.00 thousands or -1.65 % from Oct. 2018, Unemployment rate remained unchanged from Oct. 2018. In November 155,000 nonfarm payrolls were created.


Labor force
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The November employment report showed a slight increase in workers' hourly wages by 0.18 % despite decrease in hours of production, on the seasonally adjusted basis, hourly earnings in the information sector rose the most to $40.72, the hourly wages in wholesale trade sector fell the most to $30.72, reported by the U.S. Labor Department.
Improving wages are one of the major contributors to the fast rate of hiring since consumption accounts for as much as 70% of U.S. growth. When people have more to spend, business have enough demand for their goods and services to hire more workers.

The number of employed persons increased to 156.80 millions by 233.00 thousands or 0.15 % in Nov. 2018.

Total Labor force increased to 162.77 millions.
Average weekly earnings where $940.84 dollars, in Nov. 2018


Average Weekly Hours of Production


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) The report showed some strength as decline in unemployment, outpaced increase in the labor force. Unemployment decreased to 5.98 million, a decrease by -100,000 from 6.08 million in October by -1.65 % on the seasonally adjusted basis.
The labor force increased by 133,000 in November, the labor force participation rate has held steady at 62.90 %.


Construction Industry fell to 38.80 hours per week, from Oct. 2018; Manufacturing Industry remained unchanged Durable goods Industry fell to 40.20 hours per week, Nondurable goods Industry advanced to 40.30 hours per week.

Average Weekly Hours of Production for private serviceproviding industry remained unchanged from Oct. 2018; Trade, transportation & utilities Industry grew to 34.40 hours per week, from Oct. 2018 .

Financial activities Industry Average Weekly Hours of Production remained unchanged from Oct. 2018.
Average workweek fell by -0.29 % to 34.40hours, a decrease by $0.10 from 34.50 in October on the seasonally adjusted basis.
This led to decline in average weekly earnings in the private sector to $940.84 from $941.85 in the previous month.

Information Industry Average Weekly Hours of Production remained unchanged from Oct. 2018; Professional & business services Industry fell to 36.10 hours per week, from Oct. 2018;
Education & health services Industry fell to 32.90 hours per week, from Oct. 2018; Leisure & hospitality Industry fell to 26.00 hours per week, from Oct. 2018; Other services Industry remained unchanged from Oct. 2018.

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Employment Situation
( in millions or %)
Nov. 2018

prel.
Oct. 2018

prel.
Sep. 2018

prel.
Aug. 2018

prel.
July 2018

prel.
June 2018

prel.
Unemployment rate
3.7 % 3.7 % 3.7 % 3.9 % 3.9 % 4 %
Number of unemployed persons
5.975 6.075 5.964 6.234 6.280 6.564
Number of Employed persons
156.795 156.562 155.962 155.542 155.965 155.576
Employment/population ratio
60.6 % 60.6 % 60.4 % 60.3 % 60.5 % 60.4 %
Civilian labor force
162.770 162.637 161.926 161.776 162.245 162.140
Participation rate
62.9 % 62.9 % 62.7 % 62.7 % 62.9 % 62.9 %
Civilian noninstitutional population
258.708 258.514 258.290 258.066 257.843 257.642
Persons who currently want a job outside CLF
5.397 5.309 5.237 5.389 5.163 5.258
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
Nov. 2018
prel.
Oct. 2018
prel.
Sep. 2018
prel.
Aug. 2018
prel.
July 2018
prel.
June 2018
prel.
Nonfarm Payrolls
+155.0 +250.0 +134.0 +270.0 +157.0 +213.0
Total Private Payrolls
+161.0 +246.0 +121.0 +254.0 +170.0 +202.0
Goods-producing Payrolls
+29.0 +67.0 +46.0 +37.0 +52.0 +53.0
Mining & logging
-3.0 +5.0 +5.0 +6.0 -4.0 +4.0
Construction
+5.0 +30.0 +23.0 +26.0 +19.0 +13.0
Manufacturing Payrolls
+3.5 +3.5 +18.0 +5.0 +3.5 +3.5
Durable goods
+15.0 +21.0 +17.0 +5.0 +32.0 +32.0
Motor vehicles and parts
-0.8 +6.8 -0.4 +1.6 +5.9 +12.0
Nondurable goods
+12.0 +11.0 +1.0 - +5.0 +4.0
Private service-providing Payrolls
+132.0 +179.0 +75.0 +217.0 +118.0 +149.0
Wholesale trade
+9.5 +9.1 +4.4 +21.3 +12.3 +2.9
Retail trade
+18.2 +2.4 -20.0 +11.5 +7.1 -21.6
Transportation and warehousing
+25.4 +24.8 +23.8 +21.3 -1.3 +15.4
Information
-8.0 +7.0 - -3.0 - -
Financial activities
+6.0 +7.0 +13.0 +12.0 -5.0 +8.0
Professional and business services
+32.0 +35.0 +54.0 +65.0 +51.0 +50.0
Temporary help services
+8.3 +3.3 +10.6 +12.4 +27.9 +9.3
Education and health services
+34.0 +44.0 +18.0 +58.0 +22.0 +54.0
Health care and social assistance
+40.1 +46.7 +29.8 +42.4 +33.5 +34.7
Leisure and hospitality
+15.0 +42.0 -17.0 +21.0 +40.0 +25.0
Other services
-1.0 +9.0 +9.0 +9.0 -5.0 +16.0
Government Payrolls
+13.0 +16.0 +16.0 +16.0 -13.0 +11.0



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. 2018

prel.
Oct. 2018

prel.
Sep. 2018

prel.
Aug. 2018

prel.
July 2018

prel.
June 2018

prel.
Total private
940.84 941.85 939.78 937.02 933.23 930.81
Goods producing
1,147.74 1,144.52 1,142.91 1,145.75 1,144.92 1,140.08
Natural resources & mining
1,510.03 1,507.82 1,509.57 1,505.58 1,495.48 1,514.04
Construction
1,174.86 1,175.17 1,174.00 1,176.00 1,176.48 1,167.60
Manufacturing
1,109.76 1,106.09 1,104.46 1,107.16 1,104.71 1,104.30
Overtime hours
- - - - - -
Durable goods
1,152.13 1,367.52 1,160.76 1,220.08 1,341.90 1,173.28
Nondurable goods
995.81 992.07 993.34 995.81 992.14 990.87
Private serviceproviding
901.76 900.43 898.10 895.44 891.44 891.78
Trade, transportation & utilities
812.18 809.82 810.12 810.06 802.82 803.76
Wholesale trade
1,195.01 1,196.20 1,201.23 1,197.69 1,182.87 1,194.11
Retail trade
588.03 583.97 584.97 583.73 581.57 579.70
Transportation & warehousing
956.00 955.50 951.49 950.72 949.26 943.71
Utilities
1,729.65 1,726.10 1,720.41 1,708.26 1,698.44 1,690.25
 
Information
1,469.99 1,458.08 1,465.83 1,440.40 1,418.04 1,421.64
Financial activities
1,329.43 1,324.13 1,313.63 1,314.12 1,310.36 1,300.21
Professional & business services
1,184.44 1,185.91 1,180.11 1,178.30 1,175.78 1,169.98
Education & health services
894.88 897.27 893.31 891.99 889.62 892.65
Leisure & hospitality
420.94 420.47 417.56 418.38 417.34 418.41
Other services
784.10 783.15 778.46 778.36 773.16 772.53




Average weekly hours of production by Industry Nov. 2018

prel.
Oct. 2018

prel.
Sep. 2018

prel.
Aug. 2018

prel.
July 2018

prel.
June 2018

prel.
Total private
34.40 34.50 34.50 34.50 34.50 34.50
Goods producing
40.30 40.30 40.30 40.50 40.60 40.50
Natural resources & mining
45.80 45.90 45.80 46.00 46.10 46.50
Construction
38.80 38.90 38.90 39.20 39.40 39.30
Manufacturing
40.80 40.80 40.80 40.90 40.90 40.90
Overtime hours
- - - - - -
Durable goods
40.20 48.00 40.80 42.90 47.30 41.40
Nondurable goods
40.30 40.10 40.20 40.30 40.20 40.10
Private serviceproviding
33.30 33.30 33.30 33.30 33.30 33.40
Trade, transportation & utilities
34.40 34.30 34.40 34.50 34.50 34.60
Wholesale trade
38.90 38.80 38.90 39.00 39.00 39.10
Retail trade
30.90 30.80 31.00 31.00 31.10 31.20
Transportation & warehousing
39.10 39.00 38.90 38.90 39.00 38.90
Utilities
42.30 42.10 41.90 41.90 41.70 41.90
 
Information
36.10 36.10 36.40 36.20 36.00 35.90
Financial activities
37.80 37.80 37.50 37.60 37.60 37.60
Professional & business services
36.10 36.20 36.10 36.10 36.20 36.20
Education & health services
32.90 33.00 33.00 33.00 32.90 33.00
Leisure & hospitality
26.00 26.10 26.00 26.10 26.10 26.20
Other services
31.90 31.90 31.80 31.90 31.70 31.70




Average hourly earnings ($) Nov. 2018

prel.
Oct. 2018

prel.
Sep. 2018

prel.
Aug. 2018

prel.
July 2018

prel.
June 2018

prel.
Total private
27.35 27.30 27.24 27.16 27.05 26.98
Goods producing
28.48 28.40 28.36 28.29 28.20 28.15
Natural resources & mining
32.97 32.85 32.96 32.73 32.44 32.56
Construction
30.28 30.21 30.18 30.00 29.86 29.71
Manufacturing
27.20 27.11 27.07 27.07 27.01 27.00
Overtime hours
- - - - - -
Durable goods
28.66 28.49 28.45 28.44 28.37 28.34
Nondurable goods
24.71 24.74 24.71 24.71 24.68 24.71
Private serviceproviding
27.08 27.04 26.97 26.89 26.77 26.70
Trade, transportation & utilities
23.61 23.61 23.55 23.48 23.27 23.23
Wholesale trade
30.72 30.83 30.88 30.71 30.33 30.54
Retail trade
19.03 18.96 18.87 18.83 18.70 18.58
Transportation & warehousing
24.45 24.50 24.46 24.44 24.34 24.26
Utilities
40.89 41.00 41.06 40.77 40.73 40.34
 
Information
40.72 40.39 40.27 39.79 39.39 39.60
Financial activities
35.17 35.03 35.03 34.95 34.85 34.58
Professional & business services
32.81 32.76 32.69 32.64 32.48 32.32
Education & health services
27.20 27.19 27.07 27.03 27.04 27.05
Leisure & hospitality
16.19 16.11 16.06 16.03 15.99 15.97
Other services
24.58 24.55 24.48 24.40 24.39 24.37







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


     
       
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