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US Nonfarm Payroll and Unemployment Rate: Difference between revisions
US Nonfarm Payroll and Unemployment Rate (view source)
Revision as of 13:59, 8 December 2023
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|'''Previous''' | |'''Previous''' | ||
|'''Release Date''' | |'''Release Date''' | ||
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|2023 November | |||
|199K | |||
|180K | |||
|150K | |||
|3.70% | |||
|3.90% | |||
|3.90% | |||
|62.8% | |||
|62.7% | |||
|62.7% | |||
|December 8 | |||
|- | |- | ||
|2023 October | |2023 October | ||
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=== October === | === October === | ||
* U.S economy added 150,000 jobs in October<ref>https://www.bls.gov/news.release | * U.S economy added 150,000 jobs in October<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>, up from 297,000 in August (revised down from 336,000) and lower than 180,000 estimate. | ||
* Unemployment rate was 3.9%, highest level since January 2022 and above 3.8% estimate. | * Unemployment rate was 3.9%, highest level since January 2022 and above 3.8% estimate. | ||
* Average hourly earnings rose 0.2%, lower than 0.3% estimate. | * Average hourly earnings rose 0.2%, lower than 0.3% estimate. | ||
* Labor force participation rate was at 62.7%, lower than 62.8% estimate. | * Labor force participation rate was at 62.7%, lower than 62.8% estimate. | ||
* Job gains were led by healthcare (+58,000), government (+51,000), construction(23,000) and social assistance (19,000). | * Job gains were led by healthcare (+58,000), government (+51,000), construction(23,000) and social assistance (19,000). | ||
=== November === | |||
* U.S nonfarm payrolls rose 199,000 in November, below 185,000 Bloomberg estimate<ref>https://www.bloomberg.com/news/articles/2023-12-08/us-labor-market-strengthens-as-hiring-gains-unemployment-falls</ref> and above 150,000 gain in October. | |||
* Unemployment fell to 3.7% versus 3.9% estimate. | |||
* Average hourly earnings rose 0.4% on the month, lower than the 0.3% estimate<ref>https://www.cnbc.com/2023/12/08/jobs-report-november-2023-us-payrolls-rose-199000-in-november-unemployment-rate-falls-to-3point7percent.html</ref>. | |||
* Yearly, average hourly earnings rose 4%, in-line with the estimate. | |||
* Labor force participation rate rose to 62.8% from 62.7% in October. | |||
* The return of striking workers boosted the non-farm payrolls by 30,000, according to Bloomberg. | |||
* Job gains were led by healthcare (+77,000), government (+49,000), manufacturing (28,000) leisure and hospitality (40,000). | |||
== Developments Cyclical Sectors == | == Developments Cyclical Sectors == | ||