U.S. Economy Added 140,000 Jobs in November

Washington — Dec. 7

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 Friday. 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, at 12 million, changed little, however.

Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (7 percent), teenagers (23.5 percent), whites (6.8 percent) and Hispanics (10 percent) showed little or no change in November.

The unemployment rate for blacks (13.2 percent) declined over the month. The jobless rate for Asians was 6.4 percent (not seasonally adjusted), little changed from a year earlier.

The number of long-term unemployed — those jobless for 27 weeks or more — was little changed at 4.8 million in November. These individuals accounted for 40.1 percent of the unemployed.

The civilian labor force participation rate declined by 0.2 percentage points to 63.6 percent in November, offsetting an increase in October. Total employment was about unchanged in November, following a combined increase of 1.3 million during the prior two months. The employment-population ratio, at 58.7 percent, changed little in November.

The number of people employed part time for economic reasons — sometimes referred to as involuntary part-time workers — at 8.2 million in November, was little changed over the month. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

In November, 2.5 million people 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 four weeks preceding the survey.

Among the marginally attached, there were 979,000 discouraged workers in November, little changed from a year earlier. Discouraged workers are people not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million people marginally attached to the labor force in November had not searched for work in the four weeks preceding the survey for reasons such as school attendance or family responsibilities.

Source: U.S. Bureau of Labor Statistics

Article Keywords:   economy   jobs  


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