December 4 2015

December 4, 2015 (Allthingsforex.com) – The Bureau of Labor Statistics reported today that total nonfarm payroll employment in the wordl’s largest economy increased by 211,000 in November while the unemployment rate was unchanged at 5.0 percent.

Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs. Household Survey Data In November, the unemployment rate held at 5.0 percent, and the number of unemployed persons, at 7.9 million, was essentially unchanged. Over the past 12 months, the unemployment rate and the number of unemployed persons are down by 0.8 percentage point and 1.1 million, respectively.

In November, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $25.25, following a 9-cent gain in October. Over the year, average hourly earnings have risen by 2.3 percent.In November, average hourly earnings of private-sector production and nonsupervisory employees, at $21.19, changed little.

The change in total nonfarm payroll employment for September was revised from +137,000 to +145,000, and the change from October was revised from +271,000 to +298,000. With these revisions, employment gains in September and October combined were 35,000 more than previously reported. Over the past 3 months, job gains have averaged 218,000 per month.

The Employment Situation for December is scheduled to be released on Friday, January 8, 2016, at 8:30 a.m. (EST).


USA