US unemployment rate fell to 3.7% in November

The unemployment rate in the United States fell two tenths in November to 3.7%, according to the Bureau of Labor Statistics.

Thus, The unemployment rate has been lower than expected by analysts.which predicted 3.9%.

In addition, more jobs have been created than forecasts indicated. Specifically, in November 199,000 more non-agricultural payrolls were signed, compared to the 180,000 and 185,000 expected by the market.

These figures represent strong progress compared to October when 150,000 jobs were created. Behind this strength of the US labor market is the impact of the end of the workers’ strike. workers the motor.

In this sense, net employment in manufacturing increased by 28,000 people in November, with the creation of 30,000 jobs in the motor vehicle and spare parts sector.

Meanwhile, health care added 77,000 jobs; public employment increased by 49,000 people; 40,000 jobs were created in leisure and hospitality; in social assistance, 16,000; while retail trade decreased by 38,000 people.

With this, the number of unemployed workers in the United States is 6.3 million people.

On the other hand, in November, the income Average hourly wages for all employees on private nonfarm payrolls increased 12 cents, or 0.4%, to $34.10.

Employment in recovery

The US labor market continues to show no signs of weakness and has created employment for 35 consecutive months, despite the fact that the pace of new hiring in November has slowed from the average of 240,000 new jobs in the previous twelve months.

Thus, the work Department has revised downwards the figure for last September, when 262,000 jobs were created and not the 297,000 initially announced, while has maintained 150,000 new jobs the October data.

With these revisions, employment in September and October combined is 35,000 less than previously reported.