Job market
Data released today, Friday, in the US revealed the positive trend in US labor market data last November Index of variation of employment in the agricultural sector Of 263,000 jobs, better than market expectations which indicated an increase in the index of about 200,000 jobs, and the previous reading had recorded the economy adding about 261,000 jobs, and was revised up to 284,000 jobs of work.
In the meantime it has stabilized US unemployment rate at the 3.7% level over the same period, in line with expectations and previous reading.
Moreover, it has increased pay levels It rose 0.6% last November, better than market expectations, which indicated that the index would rise 0.3%. The previous reading recorded wage growth of around 0.4% during last October, and was revised upwards to 0.5% growth at the end of October.
US labor market data is the leading monthly indicator measuring economic activity. It includes all major economic sectors. This and many other economic indicators depend on its data. The data of the indicator reflect the trend of the labor market, as well as the rate of income and production.
Here are the details of the data released today:
- Employment in the luxury and hospitality sector increased by approximately 88,000 jobs.
- Healthcare employment increased by 45,000 jobs.
- Public sector employment increased by approximately 42,000 jobs.
- Employment in other industrial sectors grew by 24,000 jobs.
- Employment in the social insurance sector increased by about 23,000 jobs.
- Employment in the construction sector recorded an increase of about 20,000 jobs.
- Employment in the information sector saw growth of approximately 19,000 jobs.
- Employment in the manufacturing sector increased by about 14,000 jobs.
- Employment in the financial services sector increased by approximately 14,000 jobs.
- Employment in the commercial and professional services sector increased by approximately 6,000.
- Employment in the retail sector fell by about 30,000 jobs.
- Employment in the transport and storage sector fell by about 15,000 jobs.
