In November 2024, the U.S. economy added 227,000 jobs, while the unemployment rate remained largely unchanged at 4.2%, according to the U.S. Bureau of Labor Statistics.
In November 2024, the U.S. economy added 227,000 jobs, while the unemployment rate remained largely unchanged at 4.2%, according to the U.S. Bureau of Labor Statistics. Job growth was concentrated in healthcare, leisure and hospitality, government, and social assistance, offset by losses in retail trade.
The unemployment rate held steady at 4.2%, with 7.1 million unemployed individuals. These figures reflect little change from October but are higher than a year ago when the unemployment rate stood at 3.7% with 6.3 million unemployed.
The labor force participation rate remained stable at 62.5%, and the employment-population ratio dipped slightly to 59.8%. Among major demographic groups, unemployment rates showed minimal movement, with the rate for Black workers rising slightly to 6.4%, while rates for Whites, Asians, Hispanics, and others remained steady.
Long-term unemployment remained unchanged at 1.7 million, accounting for 23.2% of total unemployment. The number of part-time workers seeking full-time jobs was also stable at 4.5 million, an increase from 4.0 million a year earlier.
The establishment survey revealed notable sectoral job changes in November:
Other industries, including mining, construction, wholesale trade, and financial services, showed little or no employment change.
Average hourly earnings for private nonfarm payroll employees rose by 13 cents, or 0.4%, to $35.61, representing a 4.0% yearly increase. Wages for production and nonsupervisory employees increased by 9 cents, or 0.3%, to $30.57.
The average workweek for private nonfarm employees rose by 0.1 hours to 34.3 hours. Manufacturing employees worked an unchanged average of 40.0 hours, while overtime edged up to 2.9 hours.
Revised data showed employment increases for September and October, with 32,000 more jobs in September (from 223,000 to 255,000) and 24,000 additional jobs in October (from 12,000 to 36,000). These adjustments resulted in a combined upward revision of 56,000 jobs for the two months.
The November report indicates continued resilience in the U.S. labor market, with steady job creation across key sectors despite pockets of weakness in retail trade.
Source: U.S. Bureau of Labor Statistics
El euro subió hasta 1,1660 gracias al optimismo sobre las posibles conversaciones de paz entre Ucrania y Rusia, mientras que el yen se mantuvo estable después de que el Banco de Japón señalara que hay margen para nuevas subidas. El oro cayó debido al alivio de las tensiones geopolíticas, aunque las preocupaciones comerciales y las expectativas de recortes de la Fed limitaron las pérdidas.
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Detail Markets Eye Fed Cuts as Geopolitical and Trade Risks Persist (08.08.2025)The euro held steady near 1.1660 on Friday, supported by hopes of a Russia-Ukraine peace summit and weaker U.S. economic data that fueled Fed rate cut expectations.
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