The US Bureau of Labor Statistics report released moments ago shows the US economy added 64,000 jobs in the delayed November reading, which was postponed due to the government shutdown. This compares to a loss of 105,000 jobs in October, exceeding market expectations of 50,000 new jobs.
Meanwhile, the unemployment rate rose slightly in November, by 0.02 percentage points, to 4.6%, compared to 4.4% in October. This was higher than expected, coinciding with a rise in the labor force participation rate to 62.5% from 62.4%.
Earnings per hour declined in November to 0.1% month-on-month, falling short of expectations, while year-on-year growth rose to 3.5%, compared to 3.8% in October. In terms of sector breakdowns, the goods production sector added about 19,000 jobs, while the manufacturing sector lost 5,000 jobs. The construction sector added 28,000 jobs, while the services sector added 50,000 jobs in November. The healthcare and social assistance sector added 64,000 jobs, while the transport and storage sector lost 17,000 jobs.