Labor market
The data released today, Friday, in the United States revealed the positive performance of the US labor market data during last November Employment change index in the agricultural sector By 263 thousand jobs, better than market expectations that indicated an increase in the index by regarding 200 thousand jobs, and the previous reading recorded the economy adding regarding 261 thousand jobs, and it was revised upward to 284 thousand jobs.
Meanwhile, it stabilized US unemployment rate at the level of 3.7% during the same period, in line with expectations and the previous reading.
In addition, it rose wage rates It increased by 0.6% during last November, better than the market expectations, which indicated that the index would rise by 0.3%. The previous reading recorded wages growth of regarding 0.4% during last October, and it was revised upward to a growth of 0.5% at the end of October.
The US labor market data is the main monthly indicator that measures economic activity. It includes all major economic sectors. This, and many other economic indicators depend on its data. The indicator data reflects the performance 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 regarding 88,000 jobs.
- Employment in the healthcare sector increased by 45,000 jobs.
- Employment in the government sector increased by regarding 42,000 jobs.
- Employment in other industrial sectors grew by 24,000 jobs.
- Employment in the social insurance sector increased by regarding 23 thousand jobs.
- Employment in the construction sector recorded an increase of regarding 20,000 jobs.
- Employment in the information sector recorded a growth of regarding 19,000 jobs.
- Employment in the manufacturing sector rose by regarding 14,000 jobs.
- Employment in the financial services sector increased by regarding 14,000 jobs.
- Employment in the professional and commercial services sector increased by regarding 6,000 jobs.
- Employment in the retail sector decreased by regarding 30,000 jobs.
- Employment in the transportation and storage sector decreased by regarding 15,000 jobs.
