What did the November US jobs report show?
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Answer
The November US jobs report shows the economy added 64,000 jobs, surpassing expectations but marking a slowdown from previous months. The unemployment rate rose to 4.6%, the highest in four years, with underemployment also increasing. Job growth was concentrated in healthcare and education, while manufacturing and government saw losses. Many Americans remain underemployed or pessimistic about the economy, and job creation has slowed significantly compared to prior years.
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What November jobs report says about state of economy
- November unemployment rate rose to 4.6%, highest in four years
- October saw 105,000 jobs lost, mainly due to federal early retirements 18s
- Job creation rebounded in November with 64,000 jobs added 24s
- Job growth pace slowed to 55,000 per month, down from previous years 52s
- Job seekers advised to use keywords and network to find opportunities 1m 51s
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The November unemployment rate rose to 4.6%, the highest in four years. The report, combining October and November data, showed 105,000 jobs lost in October (mainly federal retirements) and a rebound of 64,000 jobs added in November. Job creation has slowed to about 55,000 per month, down from previous years.
The November jobs report indicates a mixed picture: 64,000 jobs were gained in November, but 105,000 were lost in October due to the government shutdown. The unemployment rate rose to 4.6%. 5.5 million Americans are working part time but want more hours, and 271,000 former federal workers are now unemployed.
The November jobs report shows the U.S. gained 64,000 jobs, about 20,000 more than economists predicted. The unemployment rate rose to 4.6%, the highest since September 2021. October saw a loss of over 100,000 jobs. The labor market is not collapsing but shows some weaknesses.
Non-farm payrolls increased by 64,000 in November. Average hourly earnings rose 0.1% month-over-month and 3.5% year-over-year, both below expectations. The unemployment rate climbed to 4.6%, the highest since July 2021, and underemployment reached 8.7%. Labor force participation improved to 62.5%.
Education and health services led job creation in November, but manufacturing and construction lagged. The unemployment rate rose to 4.6%, the highest since September 2021, with concerns about a skills mismatch and the overall pace of job creation.
U.S. added 64,000 jobs in November, surpassing expectations but lower than September's revised 108,000. The unemployment rate rose to 4.6%, its highest in four years, with underemployment at 8.7%. Job growth was mainly in healthcare, while government layoffs contributed to rising unemployment.