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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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THE EMPLOYMENT SITUATION -- NOVEMBER 2014 [5 December 2014]

http://www.bls.gov/news.release/empsit.nr0.htm

or

http://www.bls.gov/news.release/pdf/empsit.pdf

[full-text, 39 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/empsit.supp.toc.htm

 

 

Total nonfarm payroll employment increased by 321,000 in November, and the unemployment

rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today.

Job gains were widespread, led by growth in professional and business services, retail

trade, health care, and manufacturing.

 

Household Survey Data

 

In November, the unemployment rate held at 5.8 percent, and the number of unemployed

persons was little changed at 9.1 million. Over the year, the unemployment rate and

the number of unemployed persons were down by 1.2 percentage points and 1.7 million,

respectively. (See table A-1.)

 

Among the major worker groups, the unemployment rate for adult men rose to 5.4 percent

in November. The rates for adult women (5.3 percent), teenagers (17.7 percent), whites

(4.9 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed little change

over the month. The jobless rate for Asians was 4.8 percent (not seasonally adjusted),

little changed from a year earlier. (See tables A-1, A-2, and A-3.)

 

The number of long-term unemployed (those jobless for 27 weeks or more) was little

changed at 2.8 million in November. These individuals accounted for 30.7 percent of

the unemployed. Over the past 12 months, the number of long-term unemployed declined

by 1.2 million. (See table A-12.)

 

The civilian labor force participation rate held at 62.8 percent in November and has

been essentially unchanged since April. The employment-population ratio, at 59.2

percent, was unchanged in November but is up by 0.6 percentage point over the year.

(See table A-1.)

 

The number of persons employed part time for economic reasons (sometimes referred to

as involuntary part-time workers), at 6.9 million, changed little in November. These

individuals, who would have preferred full-time employment, were working part time

because their hours had been cut back or because they were unable to find a full-time

job. (See table A-8.)

 

In November, 2.1 million persons were marginally attached to the labor force,

essentially unchanged from a year earlier. (The data are not seasonally adjusted.)

These individuals were not in the labor force, wanted and were available for work,

and had looked for a job sometime in the prior 12 months. They were not counted as

unemployed because they had not searched for work in the 4 weeks preceding the

survey. (See table A-16.)

 

Among the marginally attached, there were 698,000 discouraged workers in November,

little different from a year earlier. (The data are not seasonally adjusted.)

Discouraged workers are persons not currently looking for work because they believe

no jobs are available for them. The remaining 1.4 million persons marginally attached

to the labor force in November had not searched for work for reasons such as school

attendance or family responsibilities. (See table A-16.)

 

Establishment Survey Data

 

Total nonfarm payroll employment rose by 321,000 in November, compared with an

average monthly gain of 224,000 over the prior 12 months. In November, job growth

was widespread, led by gains in professional and business services, retail trade,

health care, and manufacturing. (See table B-1.)

 

Employment in professional and business services increased by 86,000 in November,

compared with an average gain of 57,000 per month over the prior 12 months. Within

the industry, accounting and bookkeeping services added 16,000 jobs in November.

Employment continued to trend up in temporary help services (+23,000), management

and technical consulting services (+7,000), computer systems design and related

services (+7,000), and architectural and engineering services (+5,000).

 

AND MUCH MORE...including TABLES....

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