According to ?THE EMPLOYMENT SITUATION ? NOVEMBER 2012? report released by the U.S. Department of Labor?s Bureau of Labor Statistics (BLS), total nonfarm payroll employment in the United States increased by 146,000 jobs in November 2012 while the unemployment rate dropped to 7.7 percent from 7.9 percent.
The November 2012 BLS report showed the number of unemployed people dropped to 12 million from 12.3 million during the month. The report also found that Hurricane Sandy ? which hit the Northeast coast on October 29 and caused severe damage ? ?did not substantively impact the national employment and unemployment estimates for November.?
The report revised the change in nonfarm employment for September 2012 from 148,000 jobs added down to 132,000 jobs and the change for October 2012 was revised from 171,000 jobs added down to 138,000 jobs. Since the start of 2012, employment growth has averaged 151,000 jobs per month, about the same as the average monthly job gain of 153,000 jobs in 2011.
In November 2012, employment rose the most in retail trade, professional and business services, leisure and hospitality, and health care. The report found among specific industries:
- Retail trade employment rose by 53,000 jobs in November 2012 and has increased by 140,000 jobs over the past 3 months.
- Professional and business services employment rose by 43,000 jobs in November 2012 as employment continued to increase in computer systems design and related services.
- Leisure and hospitality employment continued to trend up with 23,000 jobs added in November 2012, and the industry has added 305,000 jobs over the past 12 months.
- Health care employment continued to increase in November 2012 with 20,000 jobs added, and has added an average of 26,000 jobs per month this year.
- Wholesale trade employment edged up 13,000 jobs over the month, and the industry has added 228,000 jobs since reaching an employment trough in May 2010.
- Information employment also edged up in November 2012 with 12,000 jobs added, with the increase concentrated in motion picture and sound recording.
On the down side, construction employment in declined by 20,000 jobs in November 2012, with much of the loss occurring in construction of buildings. Employment in other major industries including manufacturing, mining and logging, transportation and warehousing, financial activities, and government showed little change in November 2012.
The November 2012 Employment Situation Report is available on the BLS website until the December 2012 Employment Situation Report is released on Friday, January 4, 2013.
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