November’s Job Report: Rate Remains at 3.7%

Dec 02, 2022

November’s job report saw a gain of 263,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure and hospitality, health care and government.

November’s unemployment rate was 3.7%, staying the same as October. The civilian labor force participation rate is at 62.1%, little changed from 62.2% in October.

The report found that average hourly earnings for employees on private, nonfarm payrolls was $32.82. Over the past 12 months, average hourly earnings have increased by 5.1%.



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