US Employment Analysis – Nov 2018

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In November 2018, the U.S. Bureau of Labor Statistics released its monthly jobs report which included a headline number of 3.7% unemployment and total nonfarm payroll employment increased by 155,000. In November’18, job gains occurred in healthcare, manufacturing, transportation & warehousing.

Average hourly earnings for all employees on private non-farm payrolls rose by 6cents to $27.35 and over the year, average hourly earnings have increased by 81 cents or 3.1 percent.

The number of the unemployed person stood 5.97 million. Over the year, the unemployed rate and the total number of unemployed person declined by 0.4% and 641,000 respectively. Long-term unemployed (those jobless for 15 weeks or more) declined by 6.1% to 2.09 million over the year.

In November 2018, the labor force participation rate at 62.9%, and the employment-population ratio was 60.6% increased by 0.5% over the year. The total involuntary part-time worker becomes 4.8 million increased by 181,000.

The private sector contributes 161,000 new jobs and job gains occurred in healthcare, manufacturing, and transportation &warehousing. Health care employment rose by32,000 in November and manufacturing added 27,000 jobs.

The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hours to 34.4 hours in November. Average hourly earnings in financial activities and in information sector become $35.17 and $40.72 respectively.

  • By admin
  • |
  • January 7, 2019

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