The unemployment rate declined from 7.3 percent to 7.0 percent in November, the total nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported today. Consensus was 7.2% and 180.000 respectively.  The unemployment rate is fast approaching to 6.5%, the Federal Reserve considers it as the key level they feel comfortable with, to start raising its 0.25% fund rates.

Unemployment

 

Employment increased in transportation and warehousing, health care, and manufacturing. The financial sector was again unchanged and Federal Government  employment decreased again, part of the shutdown effect.

Transportation and warehousing rose by 31,000 in November, with gains in couriers and messengers (+9,000), truck transportation (+8,000), warehousing and storage (+5,000), and air transportation (+3,000).

Health care increases over the month 28,000. Job gains occurred in home healthcare services(+12,000) and offices of physicians (+7,000), while nursing care facilities lost jobs (-4,000).

Manufacturing added 27,000 jobs. Within the industry, job gains occurred in food manufacturing (+8,000) and in motor vehicles and parts (+7,000).

Professional and business services added 35.000

Retail trade  added 22.000 Within the industry, job growth occurred in general merchandise stores (+14,000); in sporting goods, hobby, book, and music stores (+12,000); and in automobile dealers (+7,000). Over the prior 12 months, job growth in retail trade averaged 31,000 per month.

Leisure and hospitality, employment in food services and drinking place increase in November adding 18.000 jobs.

Federal government employment continued to decline (-7,000) in November

Financial Sector showed once again little or no change.

Read the complete report at http://www.bls.gov/news.release/archives/empsit_12062013.pdf

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