This morning, the Bureau of Labor Statistics (BLS) released their Employment Situation Summary for November, showing that the US economy added 203,000 jobs last month. In addition, the unemployment rate declined from 7.3% to 7.0%, a new 5-year low. The BLS released updated September and October data, with 8,000 more jobs in these months then were previously reported.
It was noted that employment grew in professional and business services, transportation and warehousing, healthcare, and manufacturing. Jobs in professional and business services grew by 35,000, the most of any sector. Transportation and warehousing rose by 31,000, healthcare grew by 27,000, healthcare increased by 28,000, and manufacturing added 27,000. Retail trade, leisure and hospitality, and construction also increased. However, the federal government declined again, losing 7,000 jobs.
Along with these preliminary numbers for November, the BLS issued final job gains for September, revising from +163,000 to +175,000 (up 12,000.) October numbers were also updated, from +204,000 jobs to +200,000 (down 4,000.)