The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and
nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics
reported today. Employment continued to trend up in retail trade, leisure and
hospitality, professional and business services, and health care. Government
employment continued to trend down.
Household Survey Data
In November, the unemployment rate declined by 0.4 percentage point to 8.6 percent.
From April through October, the rate held in a narrow range from 9.0 to 9.2 percent.
The number of unemployed persons, at 13.3 million, was down by 594,000 in November.
The labor force, which is the sum of the unemployed and employed, was down by a
little more than half that amount. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men fell by 0.5
percentage point to 8.3 percent in November. The jobless rate for whites (7.6
percent) also declined, while the rates for adult women (7.8 percent), teenagers
(23.7 percent), blacks (15.5 percent), and Hispanics (11.4 percent) showed little
or no change. The jobless rate for Asians was 6.5 percent, not seasonally adjusted.
(See tables A-1, A-2, and A-3.)
In November, the number of job losers and persons who completed temporary jobs
declined by 432,000 to 7.6 million. The number of long-term unemployed (those
jobless for 27 weeks and over) was little changed at 5.7 million and accounted
for 43.0 percent of the unemployed. (See tables A-11 and A-12.)
The civilian labor force participation rate declined by 0.2 percentage point to
64.0 percent. The employment-population ratio, at 58.5 percent, changed little.
(See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) dropped by 378,000 over the month to 8.5
million. These individuals were working part time because their hours had been
cut back or because they were unable to find a full-time job. (See table A-8.)
In November, 2.6 million persons were marginally attached to the labor force,
about the same as a year earlier. (The data are not seasonally adjusted.) These
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the
survey.
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