Friday, December 6, 2013

November jobs report: 0.3% drop in national unemployment rate, 203,000 non-farm payroll jobs added

Fresh electrons from the Bureau of Labor Statistics: the National Unemployment Rate fell 0.3% in November to 7.0%. The broader U6 rate dropped 0.6% to 13.2%. 203,000 non-farm payroll jobs were added to the economy.

The unemployment rate of college graduates was 3.4%, down 0.4% from October. The unemployment rate for non-high school graduates was 10.8%, down 0.1% from October.

Employment in the chemical manufacturing subsector was up 2,200 jobs to 795,700 jobs.

Revisions for September and October were relatively modest, with a total increase for those months of 8,000 positions.

This looks like good news; the media may be focused on the labor-force participation rate and the employment/population ratio, both of which increased.

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