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2018-12-10 08:30:00

U.S. UNEMPLOYMENT: 3.7%

U.S. UNEMPLOYMENT: 3.7%

U.S. BLSTHE EMPLOYMENT SITUATION -- NOVEMBER 2018

Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation and warehousing. 

Household Survey Data 

In November, the unemployment rate was 3.7 percent for the third month in a row, and the number of unemployed persons was little changed at 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.4 percentage point and 641,000, respectively. 

Among the major worker groups, the unemployment rates for adult men (3.3 percent), adult women (3.4 percent), teenagers (12.0 percent), Whites (3.4 percent), Blacks (5.9 percent), Asians (2.7 percent), and Hispanics (4.5 percent) showed little or no change in November. 

The number of long-term unemployed (those jobless for 27 weeks or more) declined by 120,000 to 1.3 million in November. These individuals accounted for 20.8 percent of the unemployed. 

Both the labor force participation rate, at 62.9 percent, and the employment-population ratio, at 60.6 percent, were unchanged in November.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 4.8 million, changed little in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. 

In November, 1.7 million persons were marginally attached to the labor force, an increase of 197,000 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. 

Among the marginally attached, there were 453,000 discouraged workers in November, essentially unchanged from a year earlier.  Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.2 million persons marginally attached to the labor force in November had not searched for work for reasons such as school attendance or family responsibilities. 

 

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Earlier:

 U.S. UNEMPLOYMENT 3.7%
2018, November, 5, 12:01:00

U.S. UNEMPLOYMENT 3.7%

U.S. BLS - Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

 

 U.S. UNEMPLOYMENT DOWN TO 3.7%
2018, October, 8, 10:15:00

U.S. UNEMPLOYMENT DOWN TO 3.7%

U.S. BLS - The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, in health care, and in transportation and warehousing.

 

 U.S. UNEMPLOYMENT 3.9%
2018, September, 10, 12:10:00

U.S. UNEMPLOYMENT 3.9%

U.S. DL - The unemployment rate remained at 3.9 percent in August, and the number of unemployed persons, at 6.2 million, changed little.

 

 U.S. UNEMPLOYMENT DOWN TO 3.9%
2018, August, 6, 13:10:00

U.S. UNEMPLOYMENT DOWN TO 3.9%

U.S. BLS - Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance.

 

 U.S. UNEMPLOYMENT UP TO 4%
2018, July, 9, 14:55:00

U.S. UNEMPLOYMENT UP TO 4%

U.S. BLS - Total nonfarm payroll employment increased by 213,000 in June, and the unemployment rate rose to 4.0 percent,

 

 U.S. ECONOMY UP AGAIN
2018, July, 4, 12:10:00

U.S. ECONOMY UP AGAIN

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is near levels not seen in 50 years, and growth is set to accelerate, aided by a fiscal stimulus, a recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment. The balance of evidence suggests that the U.S. economy is beyond full employment.

 

 U.S. ECONOMY UP
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

 

Tags: USA, EMPLOYMENT