• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

November Employment Report: 210 thousand Jobs, 4.2% Unemployment Rate

by
December 3, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

World Health Organization says monkeypox is not a global health emergency right now

The 3 best countries to get a ‘golden visa’ and how to get one

Warren Buffett bought about $2.5 billion worth of Citigroup. If you’re looking for a low-risk approach to ‘buy the dip,’ this big banking bet is worth copying

President Biden signs bipartisan gun reform bill into law

by Calculated Risk on 12/03/2021 08:40:00 AM

From the BLS:

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate
fell by 0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported
today. Notable job gains occurred in professional and business services, transportation
and warehousing, construction, and manufacturing. Employment in retail trade declined over
the month.
…
The change in total nonfarm payroll employment for September was revised up by 67,000,
from +312,000 to +379,000, and the change for October was revised up by 15,000, from
+531,000 to +546,000. With these revisions, employment in September and October combined
is 82,000 higher than previously reported.
emphasis added

Click on graph for larger image.

The first graph shows the year-over-year change in total non-farm employment since 1968.

In November, the year-over-year change was 5.8 million jobs. This was up significantly year-over-year.

Total payrolls increased by 210 thousand in November. Private payrolls increased by 235 thousand, and public payrolls declined 25 thousand.

Payrolls for September and October were revised up 82 thousand, combined.

The second graph shows the job losses from the start of the employment recession, in percentage terms.

The current employment recession was by far the worst recession since WWII in percentage terms. However, the current employment recession, 20 months after the onset, is now significantly better than the worst of the “Great Recession”.

The third graph shows the employment population ratio and the participation rate.


The Labor Force Participation Rate was increased to 61.8% in November, from 61.6% in October. This is the percentage of the working age population in the labor force.

The Employment-Population ratio increased to 59.2% from 58.8% (black line).

I’ll post the 25 to 54 age group employment-population ratio graph later.

The fourth graph shows the unemployment rate.

The unemployment rate decreased in November to 4.2% from 4.6% in October.

This was well below consensus expectations; however, August and September were revised up by 82,000 combined.

I’ll have more later …
Next Post

Berkshire Hathaway’s Charlie Munger says markets ‘crazier’ now than they were in the late 1990s

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

World Health Organization says monkeypox is not a global health emergency right now

by
June 25, 2022
0

Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization on Saturday said the rapid spread of monkeypox across...

Read more

World Health Organization says monkeypox is not a global health emergency right now

The 3 best countries to get a ‘golden visa’ and how to get one

Warren Buffett bought about $2.5 billion worth of Citigroup. If you’re looking for a low-risk approach to ‘buy the dip,’ this big banking bet is worth copying

Off-duty RI cop allegedly attacks political opponent at abortion rally after Supreme Court ruling

President Biden signs bipartisan gun reform bill into law

Real Estate Newsletter Articles this Week

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.