The Economy Gains 228,000 Jobs in November, and Unemployment Unchanged at 4.1%

The U.S. economy gained 228,000 jobs in November, and unemployment was unchanged at 4.1%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the recovery of the labor market at a tempered rate, which means the Federal Reserve’s Federal Open Market Committee should continue to let the economy grow and not raise interest rates.

In response to the November jobs numbers, AFL-CIO Chief Economist William Spriggs tweeted:






Last month's biggest job gains were in professional and business services (46,000), manufacturing (31,000), health care (30,000) and specialty trade construction contractors (23,000). Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government, changed little over the month.

Among the major worker groups, the unemployment rate for teenagers (15.9%) increased in November. The jobless rates for blacks (7.3%), Hispanics (4.7%), adult men (3.7%), adult women (3.7%), whites (3.6%) and Asians (3.0%) showed little change.

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed in November, and accounted for 23.8% of the unemployed.