November US Jobs Report: 227,000 Rise in Payrolls, In Line with Expectations

The US economy added 227,000 jobs in November, according to the latest report from the Bureau of Labor Statistics.

The government’s report revised up previous estimates for new job creation in October and September.

The unemployment rate ticked up to 4.2% from 4.1% in October.

Economists predicted an increase in nonfarm payroll employment of 215,000 in November, according to FactSet. The unemployment rate had been forecast to hold steady from October at 4.1%.

November Jobs Report Key Stats

• Total nonfarm payrolls grew by 227,000 versus an upward-revised 36,000 in October.
• The unemployment rate edged up to 4.2% from 4.1% in October.
• Average hourly wages climbed by 0.4% to $35.61 after rising 0.4% in October.

In November, average hourly wages climbed by 13 cents, or 0.4%, to $35.61. Over the past 12 months, average hourly earnings have risen 4%.

The average workweek for all employees on private nonfarm payrolls increased to 34.3 hours in November, up from 34.2 in October. For manufacturing employees, the average workweek increased to 40.1 hours in November, and overtime was unchanged at 3.0 hours. For production and nonsupervisory employees, the average workweek remained at 33.7 hours.