In November, 64,000 jobs were created in the United States, and the unemployment rate rose.
More jobs were created in the U.
S. in November than expected, following sharp cuts in October caused by government job cuts, while the unemployment rate rose to its highest level in four years.
In November, 64,000 non-agricultural jobs were created in the United States, 50,000 more than expected by economists surveyed by Trading Economics. The unemployment rate rose to 4.6% from 4.4% in September and is the highest since September 2021, the Bureau of Labor Statistics (BLS) said.
The U.
S. lost 105,000 jobs in October, mostly due to earlier cuts at the federal level, according to data that was delayed due to a 43-day government shutdown that ended on November 12.
Job creation in November was mostly in line with the average growth since April, according to BLS, indicating a continued slowdown in hiring compared to the beginning of the year.
"The labor market remains weak, but the pace of deterioration is probably too slow to push[Federal Reserve's Federal Open Market Committee]FOMC to ease again in January," Pantheon Macroeconomics said in a note released after the report.
After the report was published, the CME FedWatch tool showed a 26.6% chance that the FOMC would lower its target. The rate increased by a quarter point at its next meeting in January, up from a 24.4% rate on Monday.
Last week, the FOMC lowered its target rate by a quarter point to 3.5-3.75%, which was the third such reduction in a year, and it provided for only one such reduction each week. for 2026 and 2027.
In November, employment increased in the healthcare and construction sectors. The number of jobs in the federal government decreased by 6,000 in November, after an estimated 162,000 jobs were lost in October as some employees who agreed to a layoff were laid off.
Employment in the federal government dropped by 271,000 from a high in January after President Donald Trump's administration began cutting jobs as part of its efforts to reduce the federal workforce, despite the courts and federal unions resisting, delaying and limiting the impact.
According to the BLS, manufacturing shed 5,000 jobs in November after cutting 9,000 in October. Transportation and warehousing lost 18,000 jobs in November. The leisure and hospitality industries lost 12,000 jobs after rising by 16,000 in October. In November, 28,000 jobs were created in construction. 4,000 jobs were lost in mining and construction in November.
Changes in the growth of the number of jobs in the non-agricultural sector