In November, non-farm payrolls advanced by 120,000, which came in above the revised 100,000 observed in October (previously reported: 80,000 jobs). The print, though, still fell slightly short of market expectations, which had non-farm payrolls rising by 131,000. As in previous months, the private sector was entirely responsible for new hiring by adding 140,000 jobs, which undershot market expectations of 150,000 new jobs. Employment rose most in services, especially in retail, ahead of the holiday shopping season. In contrast, the public sector maintained the downward trend seen in previous months, shedding 20,000 jobs. Unemployment, meanwhile, dropped 0.4 percentage points over the previous month to 8.6%, which marked the lowest level since March 2009. Nevertheless, this significant drop in unemployment benefited from a steep decline in the labour force of 315,000 people, which exceeded the 278,000 increase number of employed.
United States Unemployment
Unemployment falls to lowest level since March 2009
December 2, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.