The unemployment rate in the US was unchanged at 3.7 percent in November 2022, matching market expectations and remaining close to September’s 29-month low of 3.5 percent. The jobless rate has been in a narrow range of 3.5 percent to 3.7 percent since March, suggesting that the tight labor market will likely continue to contribute to inflationary pressure in the world’s largest economy for some time to come. The number of unemployed persons rose by 48 thousand to 6.01 million in November, while the number of employed decreased by 138 thousand to 158.5 million.
Total nonfarm payroll employment increased by 263,000 in November, and the unemployment
rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.
Notable job gains occurred in leisure and hospitality, health care, and government.
Employment declined in retail trade and in transportation and warehousing.