November Jobs Report

NFP: 203,000 (185,000 est.)

Private Payrolls: 196,000 (Est. 180,000)

Unemployment Rate: 7.0%

NYT:

Although the holiday shopping season seems to have gotten off to a mixed start, the retail sector added 22,000 jobs last month. Manufacturers, which are closely watched as a bellwether for the broader economy, hired 27,000 workers. And the overall participation rate rose 0.2 percentage point to 63 percent, reversing a decline in recent months.

Even as the overall unemployment rate fell, the situation does remain desperate in some pockets of the labor market.

For example, the unemployment rate among workers aged 16 to 19 remains above 20 percent. And for workers with less than a high school diploma, the jobless rate stood at 10.8 percent.

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Posted by on December 6th, 2013 at 8:31 am


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