178,000 Jobs Added in November

The Latest From the BLS Employment Report: 178,000 Jobs Added in November

The US economy added 178,000 jobs in November, and the unemployment rate dropped, according to data released Friday by the Bureau of Labor Statistics. The unemployment rate – which has held near 4.9 percent since the spring – dipped to 4.6 percent this month.

In November, employment gains occurred in professional and business services and in health care. The change in total nonfarm payroll employment for September was revised up from 191,000 to 208,000 and the change for October was revised down from 161,000 to 142,000. With these revisions, employment gains in September and October combined were 2,000 less than previously reported. Over the past 3 months, job gains have averaged 176,000 per month. Private-sector employment is on its longest streak of growth on record.

Economists’ Predictions

Economists predicted 180,000 additions ahead of this morning’s jobs report and the report did not quite meet expectations. 178,000 jobs were added this month which is nearly in line with the six months growth pattern.

Special Counsel Jobs Report

This Month’s Report

Let’s break down the numbers from this month’s report:

In November, hourly wages declined $0.03 to $25.89 per hour, bringing the year-over-year wage percentage increase to 2.5%. The unemployment rate dipped to 4.6%.

  • Wages:
    • $25.89 November
      • – 3 cents month-over-month
      • + 2.5% year-over-year
    • $25.92 October
  • Unemployment:
    • 4.6% November
      • -0.3% month-over-month
    • 4.9% October

Let’s take a deeper dive into this month’s legal industry numbers:

In-Depth Look: Legal Industry

  • Legal Services
    • Month-over-month change: -500
    • 800 jobs added since November of last year
    • Previous Months:
      • October -1,000
      • September 400
      • August 0
  • Professional and business services
    • Month-over-month change: +63,000
    • +571,000 jobs added year-over-year

The unemployment rate for the subsector that includes legal services now sits at 4.8%.

With job growth remaining steady, understanding your workforce continues to be key to recruiting and retaining top legal talent.

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