Monthly Jobs Report

[tsptalk]

Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show

Nonfarm payrolls growth totaled a seasonally adjusted 64,000 for the month, better than the Dow Jones estimate of 45,000 and up from a sharp decline of 105,000 in October.

The unemployment rate rose to 4.6%, more than expected, and its highest level since September 2021. A more encompassing rate swelled to 8.7%.

The establishment numbers showed most of the gains in November came from a familiar source — health care added 46,000 jobs, accounting for more than 70% of the total net increase.

Markets continued to put low odds on another interest rate cut in January.

https://www.cnbc.com/2025/12/16/jobs-report-november-2025-.html

US job growth totaled 64K in November, compared with a 105K loss in October and market expectations of a 50K increase. Employment rose in health care and construction in November, while federal government continued to lose jobs. In November, health care added 46K jobs and construction 28K jobs. Employment in social assistance continued to trend up as well (+18K). On the other hand, employment fell in transportation and warehousing (-18K). Also, federal government lost 6K jobs in November and 162K jobs in October reflecting the departure of federal workers who accepted deferred buyouts as part of Trump’s push to shrink the size of government. The change in total nonfarm payroll employment for August was revised down by 22,000, from -4,000 to -26,000, and the change for September was revised down by 11,000, from +119,000 to +108,000. source: U.S. Bureau of Labor Statistics