This newsletter references the BLS Report of November activity, released 12/8/17.
Job Growth Continues in November
As Unemployment Rate Remains Steady
JOB GROWTH: November job growth was a healthy 228,000, albeit slightly lower than October’s revised figure for job gains of 244,000.
TOP INDUSTRIES: There was positive momentum across most sectors in November, including professional and business services, manufacturing
UNEMPLOYMENT: The unemployment rate stayed steady at 4.1 percent, which is still its lowest level since 2000.
WAGES: Although not a significant change, the average hourly earnings rate moved up slightly in November to 2.5percent for the year.
WORK WEEK: The average
TEMPORARY JOB TRENDS: November was another month of strong growth in the temporary help sector, with the addition of 18,300 jobs.
WHAT DOES IT ALL MEAN? From almost every indicator, November was a good month, with solid job growth across multiple sectors, signaling
Sources: U.S. Bureau of Labor Statistics (BLS), Steinberg Employment Research, Bloomberg, Business Insider, The Wall Street Journal, Money/CNN, Staffing Industry Analysts.