U.S. Unemployment Down to 7.7 Percent in November


Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported on December 7th. Employment increased in retail trade, professional and business services, and health care.

The unemployment rate edged down to 7.7 percent in November. The number of unemployed persons, at 12.0 million, changed little.

In November, 2.5 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Total nonfarm payroll employment increased by 146,000 in November. Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the  average monthly job gain of 153,000 in 2011. In November, employment rose in retail trade, professional and business services, and health care

Retail trade employment rose by 53,000 in November and has increased by 140,000 over the past 3 months. Over the month, job gains occurred in clothing and clothing accessory stores (+33,000), in general merchandise stores (+10,000), and in electronics and appliance stores(+9,000). Employment in miscellaneous store retailers decreased by 13,000.

In November, employment in professional and business services rose by 43,000. Employment continued to increase in computer systems design and related services.

Health care employment continued to increase in November (+20,000), with gains in hospitals (+8,000) and in nursing care facilities (+5,000). Health care has added an average of 26,000 jobs per month this year.

Manufacturing employment changed little over the month. Within the industry, job losses in food manufacturing (-12,000) and chemicals (-9,000) more than offset gains in motor vehicles and parts (+10,000) and wood products (+3,000). On net, manufacturing employment has changed little since this past spring.

Employment in other major industries, including mining and logging, transportation and warehousing, financial activities, and government, showed little change in November.

The change in total nonfarm payroll employment for September was revised from +148,000 to +132,000, and the change for October was revised from +171,000 to +138,000.


TradingEconomics.com, U.S. Bureau of Labor Statistics
12/7/2012 1:36:47 PM