Morningstar

November US Jobs Report: Unemployment Rate Unexpectedly Rises to 4.6%

US added 64,000 jobs in November after a 105,000 decline in October.

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The US economy added 64,000 jobs in November while the unemployment rate rose to 4.6% from 4.4% in September, according to the latest report from the Bureau of Labor Statistics. Due to the federal government shutdown, data for the unemployment rate series was not collected in October.

The unemployment rate had been forecast to remain steady at 4.4% in November. Meanwhile, nonfarm payroll employment had been forecast to show an increase of 40,000 according to FactSet. The Labor Department reported that the US economy lost 105,000 jobs in October. Job gains were revised down for September to an increase of 108,000 from an originally reported 119,000.

November Jobs Report Key Stats

  • Total nonfarm payrolls rose by 64,000 after rising by 108,000 in September.
  • The unemployment rate rose to 4.6% in November from September.
  • Average hourly wages rose by 21 cents, or 0.1%, to $36.86.

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