Construction industry added jobs in November while factory hiring stalled
Manufacturing employment dipped during the month of November but the construction industry showed good progress in hiring.
Employment in construction continued on its recent upward trend in November (+19,000), with a gain in residential specialty trade contractors (+15,000). Over the past 3 months, construction has added 59,000 jobs, largely in residential construction.
Factory jobs fell by 4,000 during the month, with small gains in nondurable goods and the motor vehicles and parts industry offset by a decline in durable goods manufacturing.
Mining and logging added 2,000 jobs in November.
The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported.
In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million.