November’s job report saw a gain of 227,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in health care, leisure and hospitality, government and social assistance. Jobs in retail trade declined.
November’s unemployment rate was 4.2%, up from 4.1% in October. The civilian labor force participation rate is at 62.5%, slightly down from October’s 62.6%.
The report found that average hourly earnings for employees on private, nonfarm payrolls was $35.61. Over the past 12 months, average hourly earnings have increased by 4.0%.
