{"id":152039,"date":"2022-12-02T08:19:46","date_gmt":"2022-12-02T16:19:46","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=152039"},"modified":"2022-12-02T08:44:03","modified_gmt":"2022-12-02T16:44:03","slug":"263000-jobs-added-and-unemployment-rate-holds-at-3-7-in-latest-jobs-report","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=152039","title":{"rendered":"263,000 Jobs Added and Unemployment Rate Holds at 3.7% in Latest Jobs Report"},"content":{"rendered":"<p>Washington, DC&#8230;Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.<\/p>\n<p><a href=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-152040\" src=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra.jpeg\" alt=\"\" width=\"640\" height=\"549\" srcset=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra.jpeg 1400w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-300x257.jpeg 300w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-1024x878.jpeg 1024w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-768x658.jpeg 768w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-570x489.jpeg 570w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-701x601.jpeg 701w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra-1067x915.jpeg 1067w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.<\/p>\n<p>Household Survey Data<\/p>\n<p>The unemployment rate was unchanged at 3.7 percent in November and has been in a narrow range of 3.5 percent to 3.7 percent since March. The number of unemployed persons was essentially unchanged at 6.0 million in November. (See table A-1.)<\/p>\n<p>Among the major worker groups, the unemployment rates for adult men (3.4 percent), adult<br \/>\nwomen (3.3 percent), teenagers (11.3 percent), Whites (3.2 percent), Blacks (5.7 percent),<br \/>\nAsians (2.7 percent), and Hispanics (3.9 percent) showed little or no change over the<br \/>\nmonth. (See tables A-1, A-2, and A-3.)<\/p>\n<p>Among the unemployed, the number of permanent job losers rose by 127,000 to 1.4 million in<br \/>\nNovember. The number of persons on temporary layoff changed little at 803,000.<br \/>\n(See table A-11.)<\/p>\n<p>The number of long-term unemployed (those jobless for 27 weeks or more) was little changed<br \/>\nat 1.2 million in November. The long-term unemployed accounted for 20.6 percent of all<br \/>\nunemployed persons. (See table A-12.)<\/p>\n<p>Both the labor force participation rate, at 62.1 percent, and the employment-population<br \/>\nratio, at 59.9 percent, were little changed in November and have shown little net change<br \/>\nsince early this year. These measures are each 1.3 percentage points below their values in<br \/>\nFebruary 2020, prior to the coronavirus (COVID-19) pandemic. (See table A-1.)<\/p>\n<p>The number of persons employed part time for economic reasons was about unchanged at 3.7<br \/>\nmillion in November. These individuals, who would have preferred full-time employment,<br \/>\nwere working part time because their hours had been reduced or they were unable to find<br \/>\nfull-time jobs. (See table A-8.)<\/p>\n<p>The number of persons not in the labor force who currently want a job was little changed<br \/>\nat 5.6 million in November and remains above its February 2020 level of 5.0 million. These<br \/>\nindividuals were not counted as unemployed because they were not actively looking for work<br \/>\nduring the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)<\/p>\n<p>Among those not in the labor force who wanted a job, the number of persons marginally<br \/>\nattached to the labor force held at 1.5 million in November. These individuals wanted and<br \/>\nwere available for work and had looked for a job sometime in the prior 12 months but had<br \/>\nnot looked for work in the 4 weeks preceding the survey. The number of discouraged<br \/>\nworkers, a subset of the marginally attached who believed that no jobs were available<br \/>\nfor them, was 405,000 in November, little changed from the previous month. (See Summary<br \/>\ntable A.)<\/p>\n<p>Establishment Survey Data<\/p>\n<p>Total nonfarm payroll employment increased by 263,000 in November, roughly in line with<br \/>\naverage growth over the prior 3 months (+282,000). Monthly job growth has averaged 392,000<br \/>\nthus far in 2022, compared with 562,000 per month in 2021. In November, notable job gains<br \/>\noccurred in leisure and hospitality, health care, and government. Employment declined in<br \/>\nretail trade and in transportation and warehousing. (See table B-1.)<\/p>\n<p>Leisure and hospitality added 88,000 jobs in November, including a gain of 62,000 in food<br \/>\nservices and drinking places. Leisure and hospitality has added an average of 82,000 jobs<br \/>\nper month thus far this year, less than half the average gain of 196,000 jobs per month<br \/>\nin 2021. Employment in leisure and hospitality is below its pre-pandemic February 2020<br \/>\nlevel by 980,000, or 5.8 percent.<\/p>\n<p>In November, employment in health care rose by 45,000, with gains in ambulatory health<br \/>\ncare services (+23,000), hospitals (+11,000), and nursing and residential care facilities<br \/>\n(+10,000). So far in 2022, health care employment has increased by an average of 47,000<br \/>\nper month, well above the 2021 average monthly gain of 9,000.<\/p>\n<p>Government added 42,000 jobs in November, mostly in local government (+32,000). Government<br \/>\nemployment has increased by an average of 25,000 per month thus far this year, compared<br \/>\nwith 38,000 per month in 2021. Since February 2020, government employment is down by<br \/>\n461,000, or 2.0 percent.<\/p>\n<p>In November, employment in the other services industry rose by 24,000, as personal and<br \/>\nlaundry services added 11,000 jobs over the month. Other services employment has increased<br \/>\nby an average of 15,000 per month thus far this year, compared with 24,000 per month in<br \/>\n2021. Employment in other services is below its February 2020 level by 186,000, or 3.1<br \/>\npercent.<\/p>\n<p>Employment in social assistance increased by 23,000 in November and has returned to its<br \/>\nFebruary 2020 level. Within social assistance, employment in individual and family services<br \/>\nincreased by 17,000 in November. Job growth in social assistance has averaged 18,000 per<br \/>\nmonth thus far in 2022, compared with an average of 13,000 per month in 2021.<\/p>\n<p>Construction employment continued to trend up in November (+20,000), with nonresidential<br \/>\nbuilding adding 8,000 jobs. Construction has added an average of 19,000 jobs per month thus<br \/>\nfar this year, little different from the 2021 average of 16,000 per month.<\/p>\n<p>Employment in information rose by 19,000 in November. Employment in the industry has<br \/>\nincreased by an average of 14,000 per month thus far this year, in line with the average<br \/>\nof 16,000 per month in 2021.<\/p>\n<p>Manufacturing employment continued to trend up in November (+14,000). Job growth has<br \/>\naveraged 34,000 per month thus far this year, little different from the 2021 average of<br \/>\n30,000 per month.<\/p>\n<p>In November, employment in financial activities continued its upward trend (+14,000). Job<br \/>\ngains in real estate and rental and leasing (+13,000) and in securities, commodity<br \/>\ncontracts, and investments (+6,000) were partially offset by a decline in credit<br \/>\nintermediation and related activities (-9,000). Employment in financial activities has<br \/>\nincreased by an average of 12,000 per month thus far this year, the same as in 2021.<\/p>\n<p>Employment in retail trade declined by 30,000 in November. Job losses in general<br \/>\nmerchandise stores (-32,000), electronics and appliance stores (-4,000), and furniture<br \/>\nand home furnishings stores (-3,000) were partially offset by a job gain in motor vehicle<br \/>\nand parts dealers (+10,000). Retail trade employment has fallen by 62,000 since August.<\/p>\n<p>Employment in transportation and warehousing declined by 15,000 in November and has<br \/>\ndecreased by 38,000 since July. In November, job losses in warehousing and storage<br \/>\n(-13,000) and in couriers and messengers (-12,000) were partially offset by a job gain in<br \/>\nair transportation (+4,000).<\/p>\n<p>Employment in professional and business services changed little in November (+6,000).<br \/>\nWithin the industry, professional and technical services added 28,000 jobs, while<br \/>\nbusiness support services lost 11,000 jobs. Monthly job growth in professional and<br \/>\nbusiness services has averaged 58,000 thus far in 2022, down from 94,000 per month in<br \/>\n2021.<\/p>\n<p>Employment showed little change over the month in mining and wholesale trade.<\/p>\n<p>In November, average hourly earnings for all employees on private nonfarm payrolls rose<br \/>\nby 18 cents, or 0.6 percent, to $32.82. Over the past 12 months, average hourly earnings<br \/>\nhave increased by 5.1 percent. In November, average hourly earnings of private-sector<br \/>\nproduction and nonsupervisory employees rose by 19 cents, or 0.7 percent, to $28.10.<br \/>\n(See tables B-3 and B-8.)<\/p>\n<p>In November, the average workweek for all employees on private nonfarm payrolls declined<br \/>\nby 0.1 hour to 34.4 hours. In manufacturing, the average workweek for all employees<br \/>\ndecreased by 0.2 hour to 40.2 hours, and overtime declined by 0.1 hour to 3.1 hours. The<br \/>\naverage workweek for production and nonsupervisory employees on private nonfarm payrolls<br \/>\ndecreased by 0.1 hour to 33.9 hours. (See tables B-2 and B-7.)<\/p>\n<p>The change in total nonfarm payroll employment for September was revised down by 46,000,<br \/>\nfrom +315,000 to +269,000, and the change for October was revised up by 23,000, from<br \/>\n+261,000 to +284,000. With these revisions, employment gains in September and October<br \/>\ncombined were 23,000 lower than previously reported. (Monthly revisions result from<br \/>\nadditional reports received from businesses and government agencies since the last<br \/>\npublished estimates and from the recalculation of seasonal factors.)<\/p>\n<p>_____________<br \/>\nThe Employment Situation for December is scheduled to be released on Friday, January 6,<br \/>\n2023, at 8:30 a.m. (ET).<\/p>\n<p>_______________________________________________________________________________________<br \/>\n| |<br \/>\n| Revision of Seasonally Adjusted Household Survey Data |<br \/>\n| |<br \/>\n| In accordance with usual practice, The Employment Situation news release for December |<br \/>\n| 2022, scheduled for January 6, 2023, will incorporate annual revisions in seasonally |<br \/>\n| adjusted household survey data. Seasonally adjusted data for the most recent 5 years |<br \/>\n| are subject to revision. |<br \/>\n|_______________________________________________________________________________________|<\/p>\n<p>_______________________________________________________________________________________<br \/>\n| |<br \/>\n| Update to the 2022 North American Industry Classification System |<br \/>\n| |<br \/>\n| With the release of January 2023 data on February 3, 2023, the establishment survey |<br \/>\n| will revise the basis for industry classification from the 2017 North American |<br \/>\n| Industry Classification System (NAICS) to NAICS 2022. The conversion to NAICS 2022 |<br \/>\n| will result in minor revisions reflecting content and coding changes within the |<br \/>\n| mining and logging, manufacturing, wholesale trade, financial activities, and other |<br \/>\n| services sectors, as well as major revisions reflecting content and coding changes in |<br \/>\n| the retail trade and information sectors. Many industry titles and descriptions will |<br \/>\n| also be updated to better reflect official NAICS titles. Approximately 10 percent of |<br \/>\n| employment will be reclassified into different industries as a result of the |<br \/>\n| revision. Details of updated titles and new, discontinued, and collapsed industries |<br \/>\n| resulting from the NAICS 2022 update, as well as changes due to the annual |<br \/>\n| benchmarking process, will be available on January 6, 2023. |<br \/>\n| |<br \/>\n| For more information on NAICS 2022, visit www.census.gov\/naics. |<br \/>\n|_______________________________________________________________________________________|<\/p>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.a.htm\">Employment Situation Summary Table A. Household data, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.b.htm\">Employment Situation Summary Table B. Establishment data, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.faq.htm\">Employment Situation Frequently Asked Questions<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.tn.htm\">Employment Situation Technical Note<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t01.htm\">Table A-1. Employment status of the civilian population by sex and age<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t02.htm\">Table A-2. Employment status of the civilian population by race, sex, and age<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t03.htm\">Table A-3. Employment status of the Hispanic or Latino population by sex and age<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t04.htm\">Table A-4. Employment status of the civilian population 25 years and over by educational attainment<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t05.htm\">Table A-5. Employment status of the civilian population 18 years and over by veteran status, period of service, and sex, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t06.htm\">Table A-6. Employment status of the civilian population by sex, age, and disability status, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t07.htm\">Table A-7. Employment status of the civilian population by nativity and sex, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t08.htm\">Table A-8. Employed persons by class of worker and part-time status<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t09.htm\">Table A-9. Selected employment indicators<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t10.htm\">Table A-10. Selected unemployment indicators, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t11.htm\">Table A-11. Unemployed persons by reason for unemployment<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t12.htm\">Table A-12. Unemployed persons by duration of unemployment<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t13.htm\">Table A-13. Employed and unemployed persons by occupation, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t14.htm\">Table A-14. Unemployed persons by industry and class of worker, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t15.htm\">Table A-15. Alternative measures of labor underutilization<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t16.htm\">Table A-16. Persons not in the labor force and multiple jobholders by sex, not seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t17.htm\">Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t18.htm\">Table B-2. Average weekly hours and overtime of all employees on private nonfarm payrolls by industry sector, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t19.htm\">Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t20.htm\">Table B-4. Indexes of aggregate weekly hours and payrolls for all employees on private nonfarm payrolls by industry sector, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t21.htm\">Table B-5. Employment of women on nonfarm payrolls by industry sector, seasonally adjusted<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t22.htm\">Table B-6. Employment of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t23.htm\">Table B-7. Average weekly hours and overtime of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t24.htm\">Table B-8. Average hourly and weekly earnings of production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.t25.htm\">Table B-9. Indexes of aggregate weekly hours and payrolls for production and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted(1)<\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/cps\/cpsatabs.htm\">Access to historical data for the &#8220;A&#8221; tables of the Employment Situation News Release<\/a><\/div>\n<div class=\"level0\">\u00a0<a href=\"https:\/\/www.bls.gov\/ces\/data\/employment-situation-table-download.htm\">Access to historical data for the &#8220;B&#8221; tables of the Employment Situation News Release<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Washington, DC&#8230;Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. This news release presents statistics from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":152040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,5,1],"tags":[],"class_list":["post-152039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2022\/12\/civilian-unemployment-ra.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/152039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=152039"}],"version-history":[{"count":2,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/152039\/revisions"}],"predecessor-version":[{"id":152046,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/152039\/revisions\/152046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/152040"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=152039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=152039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=152039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}