Monday, December 7, 2020

BLS: Unemployment rate for November was 6.7%; payrolls rose 245000 positions

Credit: Calculated Risk
The Bureau of Labor Statistics reported Friday that the national unemployment rate fell to 6.7%, and payrolls rose by 245000 positions in November.

The broader U6 measurement of unemployment was 12.1%, down from 12.2% in October.

The chemical manufacturing subsector saw a drop in positions from 835700 in October to 833800 in November, a drop of 1900 positions (seasonally adjusted).

The unemployment rate of college graduates was 4.2% for November 2020, while by contrast the unemployment rate for people without a high school diploma was 9.0%. 

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