Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2% [View all]
Source: CNBC
Published Fri, Dec 6 2024 8:30 AM EST Updated 5 Min Ago
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.
The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 7.8%.
Job gains were focused in health care (54,000), leisure and hospitality (53,000) and government (33,000), sectors that have consistently led payroll growth for the past few years.
Read more: https://www.cnbc.com/2024/12/06/jobs-report-november-2024.html
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8:31 AM · Dec 6, 2024
Article updated.
Previous articles -
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.
The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 7.8%.
This is breaking news. Please check back for updates.
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.
The unemployment rate, however, edged higher to 4.2%, as expected.
This is breaking news. Please check back for updates.
Original article -
Nonfarm payrolls were expected to increase 214,000 in November, according to the Dow Jones consensus forecast.
This is breaking news. Please check back for updates.
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