The overall unemployment rate remained unchanged in November, at 3.7 percent, as reported by the US Department of Labor. It was 4.1 percent a year ago in November 2017.
The civilian labor force participation rate also remained unchanged, at 62.9 percent. The participation rate has remained fairly steady since October of 2013.
The employment-population ratio stayed steady at 60.6 percent. The employment-population ratio remains at its highest level since January 2009.
In November, the unemployment rate for individuals with at least a bachelor’s degree rose by two tenths at 2.2 percent.
Total nonfarm payroll employment rose by 155,000 in October. The payroll employment numbers for both September and October 2018 were adjusted, resulting in gains that were 12,000 less than previously reported. Payroll employment gains have averaged 170,000 over the last three months.
Some details directly from the BLS report:
Total nonfarm payroll employment increased by 155,000 in November, compared with an average monthly gain of 209,000 over the prior 12 months. In November, job gains occurred in health care, in manufacturing, and in transportation and warehousing.
Health care employment rose by 32,000 in November. Within the industry, job gains occurred in ambulatory health care services (+19,000) and hospitals (+13,000). Over the year, health care has added 328,000 jobs.
In November, manufacturing added 27,000 jobs, with increases in chemicals (+6,000) and primary metals (+3,000). Manufacturing employment has increased by 288,000 over the year, largely in durable goods industries.
Employment in transportation and warehousing rose by 25,000 in November. Job gains occurred in couriers and messengers (+10,000) and in warehousing and storage (+6,000). Over the year, transportation and warehousing has added 192,000 jobs.
In November, employment in professional and business services continued on an upward trend (+32,000). The industry has added 561,000 jobs over the year.
Retail trade employment changed little in November (+18,000). Job growth occurred in general merchandise stores (+39,000) and miscellaneous store retailers (+10,000). These gains were offset, in part, by declines in clothing and clothing accessories stores (-14,000); electronics and appliance stores (-11,000); and sporting goods, hobby, and book stores (-11,000).
Employment in other major industries—including mining, construction, wholesale trade, information, financial activities, leisure and hospitality, and government—showed little change over the month.
The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.4 hours in November. In manufacturing, both the workweek and overtime were unchanged (40.8 hours and 3.5 hours, respectively). The average workweek for production and nonsupervisory employees on private nonfarm payrolls held at 33.7 hours.
In November, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.35. Over the year, average hourly earnings have increased by 81 cents, or 3.1 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $22.95 in November.