{"id":49378,"date":"2017-12-08T08:23:02","date_gmt":"2017-12-08T16:23:02","guid":{"rendered":"http:\/\/69.46.6.243\/?p=49378"},"modified":"2017-12-08T08:53:25","modified_gmt":"2017-12-08T16:53:25","slug":"economy-adds-228000-in-november-unemployment-holds-steady-at-4-1-percent","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=49378","title":{"rendered":"Economy Adds 228,000 in November, Unemployment Holds Steady at 4.1 Percent"},"content":{"rendered":"
\n
Washington, DC...Total nonfarm payroll employment increased by 228,000 in November, and the unemployment \r\nrate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.  Employment continued to trend up in professional and business services, manufacturing, and health care.  Household Survey Data  The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)\r\n\r\n\"\"\r\n\r\nAmong the major worker groups, the unemployment rate for teenagers increased to 15.9 \r\npercent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 \r\npercent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics \r\n(4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)\r\n\r\nThe number of long-term unemployed (those jobless for 27 weeks or more) was essentially \r\nunchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. \r\nOver the year, the number of long-term unemployed was down by 275,000. (See table A-12.)\r\n\r\nThe labor force participation rate remained at 62.7 percent in November and has shown no \r\nclear trend over the past 12 months. The employment-population ratio, at 60.1 percent, \r\nchanged little in November and has shown little movement, on net, since early this year. \r\n(See table A-1.)\r\n\r\nThe number of persons employed part time for economic reasons (sometimes referred to as \r\ninvoluntary part-time workers), at 4.8 million, was essentially unchanged in November but \r\nwas down by 858,000 over the year. These individuals, who would have preferred full-time \r\nemployment, were working part time because their hours had been cut back or because they \r\nwere unable to find full-time jobs. (See table A-8.)\r\n\r\nIn November, 1.5 million persons were marginally attached to the labor force, down by \r\n451,000 from a year earlier. (The data are not seasonally adjusted.) These individuals \r\nwere not in the labor force, wanted and were available for work, and had looked for a job \r\nsometime in the prior 12 months. They were not counted as unemployed because they had not \r\nsearched for work in the 4 weeks preceding the survey. (See table A-16.)\r\n\r\nAmong the marginally attached, there were 469,000 discouraged workers in November, down by \r\n122,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers \r\nare persons not currently looking for work because they believe no jobs are available for \r\nthem. The remaining 1.0 million persons marginally attached to the labor force in November \r\nhad not searched for work for reasons such as school attendance or family responsibilities. \r\n(See table A-16.)\r\n\r\nEstablishment Survey Data\r\n\r\nTotal nonfarm payroll employment increased by 228,000 in November. Employment continued to \r\ntrend up in professional and business services, manufacturing, and health care. Employment \r\ngrowth has averaged 174,000 per month thus far this year, compared with an average monthly \r\ngain of 187,000 in 2016. (See table B-1.)\r\n\r\nEmployment in professional and business services continued on an upward trend in November \r\n(+46,000). Over the past 12 months, the industry has added 548,000 jobs. \r\n\r\nIn November, manufacturing added 31,000 jobs. Within the industry, employment rose in \r\nmachinery (+8,000), fabricated metal products (+7,000), computer and electronic products \r\n(+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, \r\nmanufacturing employment has increased by 189,000.\r\n\r\nHealth care added 30,000 jobs in November. Most of the gain occurred in ambulatory health \r\ncare services (+25,000), which includes offices of physicians and outpatient care centers. \r\nMonthly employment growth in health care has averaged 24,000 thus far in 2017, compared \r\nwith an average increase of 32,000 per month in 2016. \r\n\r\nWithin construction, employment among specialty trade contractors increased by 23,000 in \r\nNovember and by 132,000 over the year.  \r\n\r\nEmployment in other major industries, including mining, wholesale trade, retail trade, \r\ntransportation and warehousing, information, financial activities, leisure and hospitality, \r\nand government, changed little over the month. \r\n\r\nThe average workweek for all employees on private nonfarm payrolls increased by 0.1 hour \r\nto 34.5 hours in November. In manufacturing, the workweek was unchanged at 40.9 hours, and \r\novertime remained at 3.5 hours. The average workweek for production and nonsupervisory \r\nemployees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and \r\nB-7.)\r\n\r\nIn November, average hourly earnings for all employees on private nonfarm payrolls rose \r\nby 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or \r\n2.5 percent. Average hourly earnings of private-sector production and nonsupervisory \r\nemployees rose by 5 cents to $22.24 in November. (See tables B-3 and B-8.)\r\n\r\nThe change in total nonfarm payroll employment for September was revised up from +18,000 \r\nto +38,000, and the change for October was revised down from +261,000 to +244,000. With \r\nthese revisions, employment gains in September and October combined were 3,000 more than \r\npreviously reported. (Monthly revisions result from additional reports received from \r\nbusinesses and government agencies since the last published estimates and from the \r\nrecalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over \r\nthe last 3 months. \r\n\r\n_____________\r\nThe Employment Situation for December is scheduled to be released on Friday, January 5, \r\n2018, at 8:30 a.m. (EST).\r\n\r\n\r\n    ______________________________________________________________________________________\r\n   |                                                                                      |\r\n   |               Revision of Seasonally Adjusted Household Survey Data                  |\r\n   |                                                                                      |\r\n   | In accordance with usual practice, The Employment Situation news release for December|\r\n   | 2017, scheduled for January 5, 2018, will incorporate annual revisions in seasonally |\r\n   | adjusted household survey data. Seasonally adjusted data for the most recent 5       |\r\n   | years are subject to revision.                                                       |\r\n   |______________________________________________________________________________________|\r\n\r\n\r\n    ______________________________________________________________________________________\r\n   |                                                                                      |\r\n   |        Conversion to the 2017 North American Industry Classification System          |\r\n   |                                                                                      |\r\n   | With the release of January 2018 data on February 2, 2018, the establishment survey  |\r\n   | will revise the basis for industry classification from the 2012 North American       |\r\n   | Industry Classification System (NAICS) to 2017 NAICS. The conversion to 2017 NAICS   |\r\n   | will result in minor revisions reflecting content changes within the mining and      |\r\n   | logging, retail trade, information, financial activities, and professional and       |\r\n   | business services sectors. Additionally, some smaller industries will be combined    |\r\n   | within the mining and logging, durable goods manufacturing, retail trade, and        |\r\n   | information sectors. Several industry titles and descriptions also will be updated.  |\r\n   |                                                                                      |\r\n   | Approximately 4 percent of employment will be reclassified into different industries |\r\n   | as a result of the revision. Details of new, discontinued, and combined industries   |\r\n   | due to the 2017 NAICS update, as well as changes due to the annual benchmarking      |\r\n   | process, will be available on January 5, 2018.                                       |\r\n   |                                                                                      |\r\n   | For more information on the 2017 NAICS update, visit www.census.gov\/eos\/www\/naics\/.  |\r\n   |______________________________________________________________________________________|\r\n\r\n\r\n\r\n<\/pre>\n<\/div>\n