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US Unemployment Rate Slips in November as Nonfarm Payrolls Climb 210,000

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The US unemployment rate saw a slight decline in November, after the addition of 210,000 nonfarm payrolls during the month.

Source: Bureau of Labor Statistics

The United States’ total nonfarm payroll employment grew by 210,000 in November, driven mainly by professional and business services, transportation, and warehousing construction, and manufacturing.

The latest figures brought the unemployment rate down by 0.4 percentage points to 4.2% in November, equivalent to a decline of 542,000 unemployed persons to 6.9 million during the month.

Permanent job losers slipped by 205,000 to 1.9 million, but 623,000 higher than the levels recorded prior to the pandemic in February 2020. Those on temporary layoff dropped by 255,000 to 801,000, down from the high of 18.0 million in April 2020.

The labor force participation rate climbed to 61.8%, with the employment-population ratio up 0.4 percentage points to 59.2, up from the 51.3% low in April 2020 but lower than the 61.1% in February 2020.

Employed persons who were on remote work arrangements declined by 0.3 percentage points to 11.3%.

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