178,000 Jobs Added in November

Posted by Paladin on December 02, 2016

The Latest From the BLS Employment Report: 178,000 Jobs Added in November

The US economy added 178,000 jobs in November, and the unemployment rate dropped, according to data released Friday by the Bureau of Labor Statistics. The unemployment rate — which has held near 4.9 percent since the spring — dipped to 4.6 percent this month.

In November, employment gains occurred in professional and business services and in health care. The change in total nonfarm payroll employment for September was revised up from 191,000 to 208,000 and the change for October was revised down from 161,000 to 142,000. With these revisions, employment gains in September and October combined were 2,000 less than previously reported. Over the past 3 months, job gains have averages of 176,000 per month. Private-sector employment is on its longest streak of growth on record.

Economists’ predictions

Economists predicted 180,000 additions ahead of this morning’s jobs report and the report did not quite meet expectations. 178,000 jobs were added this month which is nearly in line with the six months growth pattern.

paladin-jobs-report-graph-12-2016

This Month’s Report

Let’s break down the numbers from this month’s report:

In November, hourly wages declined $0.03 to $25.89 per hour, bringing the year-over-year wage percentage increase to 2.5%. The unemployment rate dipped to 4.6%.

  • Wages:
    • $25.89 November
      • – 3 cents month-over-month
      • + 2.5% year-over-year
    • $25.92 October
  • Unemployment:
    • 4.6% November
      • -0.3% month-over-month
    • 4.9% October

unemployement-rate-12-2016

In-Depth Look: Our Industries

Let’s have a look at how our industries compare to the national numbers:

  • Professional and business services
    • Month-over-month change: +63,000
    • +571,000 jobs added year-over-year
  •  Construction
    • Month-over-month change: +19,000
    • +155,000 jobs added year-over-year
  • Manufacturing
    • Month-over-month change: -4,000
    • -54,000 jobs lost year-over-year
  • Transportation and warehousing
    • Month-over-month change: +8,900
    • +60,600 year-over-year job gains
  • Health care
    • Month-over-month change: +28,400
    • +407,000 year-over-year job gains
  • Hospitals
    • Month-over-month change: +5,500
    • +133,000 jobs added in the last year
  • Administrative and support services
    • Month-over-month change: +35,900
    • +223,800 jobs added year-over-year
  • Office Administrative Services
    • Month-over-month change: +2,500
    • +24,500 jobs added year-over-year

In-Depth Look: Creative and Marketing Jobs

Taking a closer look at the industries subsectors:

  • Publishing
    • Month-over-month: -500
    • Year-over-year: -100
  • Motion Picture and Sound Recording
    • Month-over-month: -4,100
    • Year-over-year: +30,500
  • Data processing, hosting and related services
    • Month-over-month: -2,100
    • Year-over-year: -2,600
  • Specialized Design
    • Month-over-month: -800
    • Year-over-year: +4,500
  • Advertising
    • Month-over-month: -2,700
    • Year-over-year: +2,100

The market remains extremely competitive for employers hoping to hire top creative and marketing professionals. To get ahead of your competitors and add exceptional professionals to your workforce, make sure you are offering a competitive salary. Our 2017 Salary Guide is here

Posted in: General, Jobs Reports

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