Construction employment also continued to
trend up in November (+20,000). Employment in specialty trade contractors rose by 21,000,
mostly in the residential component. Over the past 12 months, construction has
added 213,000 jobs, with just over half the gain among specialty trade
contractors.
THE EMPLOYMENT SITUATION -- NOVEMBER 2014
Total nonfarm payroll employment increased by 321,000 in
November, and the unemployment
rate was unchanged at 5.8 percent, the U.S. Bureau of
Labor Statistics reported today.
Job gains were widespread, led by growth in professional
and business services, retail
trade, health care, and manufacturing.
Household Survey
Data
In November, the unemployment rate held at 5.8 percent,
and the number of unemployed
persons was little changed at 9.1 million. Over the year,
the unemployment rate and
the number of unemployed persons were down by 1.2
percentage points and 1.7 million,
respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for
adult men rose to 5.4 percent
in November. The rates for adult women (5.3 percent),
teenagers (17.7 percent), whites
(4.9 percent), blacks (11.1 percent), and Hispanics (6.6
percent) showed little change
over the month. The jobless rate for Asians was 4.8
percent (not seasonally adjusted),
little changed from a year earlier. (See tables A-1, A-2,
and A-3.)
The number of long-term unemployed (those
jobless for 27 weeks or more) was little
changed at 2.8 million in November.
These individuals accounted for 30.7 percent of
the unemployed. Over the past 12 months, the number of
long-term unemployed declined
by 1.2 million. (See table A-12.)
The civilian labor force participation rate held at 62.8
percent in November and has
been essentially unchanged since April. The
employment-population ratio, at 59.2
percent, was unchanged in November but is up by 0.6
percentage point over the year.
(See table A-1.)
The number of persons employed part time for economic
reasons (sometimes referred to
as involuntary part-time workers), at 6.9 million,
changed little in November. These
individuals, who would have preferred full-time
employment, were working part time
because their hours had been cut back or because they
were unable to find a full-time
job. (See table A-8.)
In November, 2.1 million persons were marginally attached
to the labor force,
essentially unchanged from a year earlier. (The data are
not seasonally adjusted.)
These individuals were not in the labor force, wanted and
were available for work,
and had looked for a job sometime in the prior 12 months.
They were not counted as
unemployed because they had not searched for work in the
4 weeks preceding the
survey. (See table A-16.)
Among the marginally attached, there were 698,000
discouraged workers in November,
little different from a year earlier. (The data are not
seasonally adjusted.)
Discouraged workers are persons not currently looking for
work because they believe
no jobs are available for them. The remaining 1.4 million
persons marginally attached
to the labor force in November had not searched for work
for reasons such as school
attendance or family responsibilities. (See table A-16.)
Establishment
Survey Data
Total nonfarm payroll employment rose by 321,000 in
November, compared with an
average monthly gain of 224,000 over the prior 12 months.
In November, job growth
was widespread, led by gains in professional and business
services, retail trade,
health care, and manufacturing. (See table B-1.)
Employment in professional and business services
increased by 86,000 in November,
compared with an average gain of 57,000 per month over
the prior 12 months. Within
the industry, accounting and bookkeeping services added
16,000 jobs in November.
Employment continued to trend up in temporary help
services (+23,000), management
and technical consulting services (+7,000), computer
systems design and related
services (+7,000), and architectural and engineering
services (+5,000).
Employment in retail trade rose by 50,000 in November,
compared with an average
gain of 22,000 per month over the prior 12 months. In
November, job gains occurred
in motor vehicle and parts dealers (+11,000); clothing
and accessories stores
(+11,000); sporting goods, hobby, book, and music stores
(+9,000); and nonstore
retailers (+6,000).
Health care added 29,000 jobs over the
month. Employment continued to trend up in
offices of physicians (+7,000), home health
care services (+5,000), outpatient care
centers (+4,000), and hospitals (+4,000).
Over the past 12 months, employment in
health care has increased by 261,000.
In November, manufacturing added 28,000
jobs. Durable goods manufacturers accounted
for 17,000 of the increase, with small gains
in most of the component industries.
Employment in nondurable goods increased by
11,000, with plastics and rubber products
(+7,000) accounting for most of the gain.
Over the year, manufacturing has added
171,000 jobs, largely in durable goods.
Financial activities added 20,000 jobs in November, with
half of the gain in insurance
carriers and related activities. Over the past year,
insurance has contributed 70,000
jobs to the overall employment gain of 114,000 in
financial activities.
Transportation and warehousing employment increased by
17,000 in November, with a
gain in couriers and messengers (+5,000). Over the past
12 months, transportation
and warehousing has added 143,000 jobs.
Employment in food services and drinking places continued
to trend up in November (+27,000) and has increased by 321,000 over the year.
Construction employment also continued to
trend up in November (+20,000). Employment in specialty trade contractors rose by 21,000,
mostly in the residential component. Over the past 12 months, construction has
added 213,000 jobs, with just over half the gain among specialty trade
contractors.
In November, the average workweek for all employees on
private nonfarm payrolls rose
by 0.1 hour to 34.6 hours. The manufacturing workweek rose
by 0.2 hour to 41.1 hours,
and factory overtime edged up by 0.1 hour to
3.5 hours. The average workweek for
production and nonsupervisory employees on private
nonfarm payrolls was unchanged at
33.8 hours. (See tables B-2 and B-7.)
Average hourly earnings for all employees on private
nonfarm payrolls rose by 9 cents
to $24.66 in November. Over the year, average hourly
earnings have risen by 2.1 percent.
In November, average hourly earnings of private-sector
production and nonsupervisory
employees increased by 4 cents to $20.74. (See tables B-3
and B-8.)
The change in total nonfarm payroll employment for
September was revised from +256,000
to +271,000, and the change for October was revised from
+214,000 to +243,000. With
these revisions, employment gains in September and
October combined were 44,000 more
than previously reported.
Source: Bureau of Labor Statistics
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