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Job Market UpdateU.S. Economic Data
Reflective of the Bureau of Labor Statistics “The Employment Situation – November 2015”
As of December 2015
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Overview of “The Employment Situation”
• The November report showed an overall monthly gain of 211,000 jobs – just shy of the previous twelve-month average of 237,000 per month
• The national unemployment rate remained at 5.0%
• Revisions to prior months:- The September number was revised from
+137,000 to +145,000- The October number was revised from +271,000
to +298,000- That’s a total of 32,000 more jobs than was
previously reported
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211,000 new jobs added in November
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* Numbers are seasonally adjusted. Source: BLS
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Employment in November
• Total nonfarm payroll employment increased by 211,000 jobs in November, which is below the 12-month average of 237,000
- Unemployment remained at 5.0%, the lowest since April 2008
- The number of long-term unemployed was little changed at 2.1 million
- Labor participation rate was unchanged at 62.5%
- Discouraged workers in November was 594,000 – virtually unchanged
- Average hourly payrolls rose four cents, to $25.25, following a nine cent increase last month. These figures have risen 2.3% over the year
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JOBS GAINED IN NOVEMBER
UNEMPLOYMENT RATE
211,000
5.0%
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November’s private job creation statistics
• United States private sector jobs increased during November, generating over 197,000 jobs
- Highest increases in:
• Construction
• Professional and Technical Services
• Healthcare
• Food Services and Drinking Places
• Retail
- Biggest losses in mining and information
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Source: BLS
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Industry Breakdown
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Source: BLS
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Industry Breakdown
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Employment in total nonfarm
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* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, November 2015
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State & Regional Report – October 2015
• State and Regional unemployment rates were little changed in October
• The employment rate decreased over the month in 32 states, plus the District of Columbia, while three states saw a higher employment rate, and 15 states had no change. Over the year, 47 states and the District of Columbia have reported increases
- The largest significant job gains in October 2015 were in California (+41,200), Florida (+35,200), and Ohio (+30,800)
• Year-over-year, 43 states and the District of Columbia have seen an increase in employment
- Idaho (+3.8 percent), Utah (+3.5 percent), and Nevada (+3.4 percent).
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State and regional employment data from previous month. Source: BLS
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Northeast Region – October 2015
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State and regional employment data from previous month. Source: BLS
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Midwest Region – October 2015
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State and regional employment data from previous month. Source: BLS
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South Region – October 2015
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State and regional employment data from previous month. Source: BLS
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West Region – October 2015
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State and regional employment data from previous month. Source: BLS