Go to:

May 2018
< Apr Jun >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

November Employment Gains Increased by 321K
Tuesday, December 9, 2014 6:40 AM

According to a new report issued by the Bureau of Labor Statistics, the total nonfarm payroll employment in November rose by 321,000, creating an average monthly gain of 224,000 over the prior 12 months. The unemployment rate held at 5.8 percent, and the number of unemployed persons was little changed at 9.1 million.

Among the major worker groups, the unemployment rates are broken down as follows:

  • adult men:  5.4 percent
  • adult women:  5.3 percent
  • teenagers:  17.7 percent
  • whites:  4.9 percent
  • blacks:  11.1 percent
  • Hispanics:  6.6 percent
  • Asians:  4.8 percent

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.

The civilian labor force participation rate held at 62.8 percent in November and has been essentially unchanged since April.

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.

In November, 2.1 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. 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.

Job growth was widespread, led by gains in professional and business services, retail trade, health care, and manufacturing. Specific job sectors increased by the following numbers:

  • Professional and business services:  by 86,000
  • Employment in retail trade:  by 50,000
  • Health care:  by 29,000
  • Manufacturing:  by 28,000
  • Financial activities:  by 20,000
  • Transportation and warehousing:  by 17,000
  • Food services and drinking places:  by 27,000
  • Construction:  by 20,000

Source:  Bureau of Labor Statistics, 5 December 2014