by Calculated Threat on 12/06/2024 08:30:00 AM
From the BLS: Employment Scenario
Complete nonfarm payroll employment rose by 227,000 in November, and the unemployment charge
modified little at 4.2 p.c, the U.S. Bureau of Labor Statistics reported in the present day. Employment
trended up in well being care, leisure and hospitality, authorities, and social help. Retail
commerce misplaced jobs.
…
The change in complete nonfarm payroll employment for September was revised up by 32,000, from
+223,000 to +255,000, and the change for October was revised up by 24,000, from +12,000 to
+36,000. With these revisions, employment in September and October mixed is 56,000 greater
than beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added monthly since January 2021.
Payrolls for September and October had been revised up 56 thousand, mixed.
The second graph exhibits the year-over-year change in complete non-farm employment since 1968.
In November, the year-over-year change was 2.27 million jobs. Employment was up solidly year-over-year (Though the annual benchmark revision will decrease the year-over-year change).
The third graph exhibits the employment inhabitants ratio and the participation charge.
The Labor Pressure Participation Price decreased to 62.5% in November, from 62.6% in October. That is the proportion of the working age inhabitants within the labor drive.
The Employment-Inhabitants ratio decreased to 59.8% from 60.0% in October (blue line).
I will publish the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment charge.
The unemployment charge elevated to 4.2% in November from 4.1% in October.
This was above consensus expectations, and September and October payrolls had been revised up by 56,000 mixed.
I will have extra later …
