The United States jobs market looked great in November as 203,000 jobs were added to nonfarm payrolls and the unemployment rate fell from 7.3% to 7.0%, according to the November Employment Situation Summary released by the Bureau of Labor Statistics. Part of this reflects the return of federal workers after the October 2013 furlough, and the number of long-term unemployed accounted for 37.3% of the total unemployed, a number that has remained static since October.
The industries with the greatest gain in jobs included transportation and warehousing (+31,000), health care (+28,000), manufacturing (+27,000), and professional and business services (+35,000). Retail also had a significant gain at 22,000 jobs added, with 14,000 of those being in general merchandise stores.
Other notable gains in jobs include food services and drinking places (+18,000) and construction (+17,000). Temporary help services also gained 16,400 new jobs in November. Government employment declined by 7,000 jobs. The average hourly earnings for employees on private nonfarm payrolls rose by $0.04 to $24.15.