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National Employment Monthly Update

National Employment Monthly Update

12/5/2014

Unemployment Steady at 5.8 Percent in November 2014

The national unemployment for November was 5.8 percent, unchanged from October, according to the Bureau of Labor Statistics. That is down 1.2 percentage points from November 2013 and the lowest unemployment has been since July 2008.

Approximately 321,000 new jobs were created in November, well above the monthly average of 224,000 jobs per month over the last 12 months. Business sectors seeing job growth included professional and business services, retail trade, health care, manufacturing, financial services, transportation and warehousing, leisure and hospitality, and construction.

The number of unemployed was little changed, at 9.1 million workers. That is down by 1.7 million workers compared to a year ago. Of the unemployed, 2.8 million are considered long-term unemployed, having been jobless for 27 weeks or more. The long-term unemployed accounted for 30.7 percent of the unemployed in November.

Unemployment figures for December will be released on Friday, Jan. 9, 2015.

U.S. Dept. of Labor, Bureau of Labor Statistics Press Release

 National Unemployment Rates,  2008 - 2014

   Jan.  Feb.  Mar.  April  May  June  July  Aug.  Sept.  Oct.  Nov.  Dec.
 2014   6.6   6.7   6.7   6.3   6.3   6.1   6.2   6.1   5.9    5.8    5.8  
 2013   7.9   7.7   7.5   7.5   7.5   7.5   7.3   7.2   7.2    7.2    7.0    6.7
 2012   8.3   8.3   8.2   8.1   8.2   8.2   8.2   8.1   7.8    7.9    7.8    7.8
 2011   9.0   8.9   8.8   9.0   9.1   9.2   9.1   9.1   9.1    9.0    8.6    8.5
 2010   9.7   9.7   9.7   9.9   9.7   9.5   9.5   9.6   9.6    9.6    9.8    9.4
 2009   7.6   8.1   8.5   8.9   9.4   9.5   9.4   9.7   9.8  10.2  10.0  10.0
 2008   4.9   4.8   5.1   5.0   5.5   5.6   5.8   6.2   6.2    6.6    6.8    7.2

 Source: Bureau of Labor Statistics

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