November’s job report saw a gain of 266,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. There was an increase in healthcare and professional and technical services. In the manufacturing industry, employment in motor vehicles and parts rose reflecting the return of workers from strike activity.
Over the past three months, job gains have averaged 205,000 per month.
November’s unemployment rate decreased to 3.5%, down from 3.6% in October. The civilian labor force participation was 63.2%, slightly down from 63.3% in October.
The report found that in November, average hourly earnings for employees on private, nonfarm payrolls rose by 7 cents to $28.29. Over the year, average hourly earnings have risen by 3.1%.