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by Calculated Danger on 12/16/2025 08:30:00 AM
From the BLS: Employment State of affairs
Whole nonfarm payroll employment modified little in November (+64,000) and has proven little internet
change since April, the U.S. Bureau of Labor Statistics reported immediately. In November, the
unemployment fee, at 4.6 %, was little modified from September. Employment rose in well being
care and development in November, whereas federal authorities continued to lose jobs.
…
The change in whole 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.
With these revisions, employment in August and September mixed is 33,000 decrease than beforehand
reported. As a result of latest federal authorities shutdown, that is the primary publication of October
information and thus there are not any revisions for October this month.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added per 30 days since January 2021.
Payrolls for August and September have been revised down by 33 thousand, mixed. The financial system has solely added 100 thousand jobs since April (7 months).
The second graph exhibits the year-over-year change in whole non-farm employment since 1968.
In November, the year-over-year change was 0.03 million jobs.
The third graph exhibits the employment inhabitants ratio and the participation fee.
The Labor Power Participation Fee elevated to 62.5% in November, from 62.4% in September (no October information). That is the share of the working age inhabitants within the labor pressure.
The Employment-Inhabitants ratio was decreased to 59.6% from 59.7% in September (blue line).
I will submit the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment fee.
The unemployment fee was elevated to 4.6% in November from 4.4% in September.
This was sligthly above consensus expectations, nonetheless, August and September payrolls have been revised down by 33,000 mixed – and the preliminary October estimate was -105,000.
General one other weak report, though there are technical points that doubtless make this information much less correct attributable to authorities shutdown.
I will have extra later …
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