Economy Gains 266,000 Jobs in November; Unemployment Down Slightly to 3.5%

Economy Gains 266,000 Jobs in November; Unemployment Down Slightly to 3.5%

The U.S. economy gained 266,000 jobs in November, and the unemployment rate was essentially unchanged at 3.5%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics.

In response to the November job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

 

 

 

 

 

Last month’s biggest job gains were in manufacturing (54,000), health care (45,000), leisure and hospitality (45,000), professional and technical services (31,000), transportation and warehousing (16,000) and financial activities (13,000). Mining lost jobs (-7,000). Employment in other major industries—including retail trade, construction, wholesale trade, information and government—showed little change over the month. 

Among the major worker groups, the unemployment rates for teenagers (12.0%), blacks (5.5%), Hispanics (4.2%), adult men (3.2%), whites (3.2%), adult women (3.2%) and Asians (2.6%) showed little or no change in November.

The number of long-term unemployed (those jobless for 27 weeks or more) declined in November and accounted for 20.8% of the unemployed.

Kenneth Quinnell
Tue, 12/10/2019 – 15:43

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Updated: December 10, 2019 — 2:43 pm