FAQs

1. What caused the sharp rebound in employment in November?

The rebound in employment in November was attributed to the resolution of strike- and hurricane-related disruptions that occurred in October.

2. How did wage growth compare to inflation in November?

In November, wage growth remained unchanged from the previous month at a 4.0% year-over-year growth rate. While wage growth outpaced inflation, it was down 0.2 percentage points from a year ago.

3. Which sectors saw the most significant employment growth in November?

In November, employment continued to trend up in health care, leisure and hospitality, government, and social assistance. Employment in transportation equipment manufacturing also increased as workers who were on strike returned to work. Retail trade, on the other hand, lost 28,000 jobs.

4. How has construction employment fared in November?

Overall construction sector employment increased by 10,000 in November, with gains in both residential and non-residential construction. Residential construction added 3,100 jobs, while non-residential construction added 6,800 jobs for the month.

Conclusion

The November employment report showed a sharp rebound in job growth after disruptions in the previous month. Despite a slight increase in the unemployment rate, the overall trend remains positive, with consistent job gains across various sectors. Wage growth, while outpacing inflation, experienced a slight decline from the previous year. Construction employment also saw gains in both residential and non-residential sectors. Overall, the U.S. job market continues its recovery, indicating a resilient economy amidst ongoing challenges.