Friday, December 3, 2021

US Jobs Report November 2021

By BLS, 12/3/21 

The monthly jobs report shows jobs added in 2021 by month

210000 in November

531000 in October

194000 in September

235000 in August

943000 in July

850000 in June

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

4,819,000 total

The US jobs deficit for January 2021 was 9.5 million minus 4.819 million jobs added = 4.681 million deficit.

Total nonfarm payroll employment increased by 210,000 in November 2021 and the unemployment rate declined from 4.6% to 4.2%. The number of unemployed persons fell from 7.4 million to 6.9 million.

Professional and business services jobs increased by 90,000 in November. This included 42000 admin jobs. Jobs are down by 69,000 since February 2020.

Leisure and hospitality jobs increased by 23,000 in November.  Jobs are down by 1.3 million since February 2020.

Education jobs did not increase in November. Education employment is down by 723,000 from February 2020 levels including job losses of 370,000 in K-12 government education, 205,000 in state government education and 148,000 in private education.

Health care jobs increased by 2,000 in November.  Health care employment is down by 450,000 since February 2020.

Manufacturing increased by 31,000 jobs in November.  Manufacturing employment is 253,000 below its February 2020 level.

Information jobs did not increase in October. Employment in information is down by 122,000 since February 2020.

Financial activity added 13,000 jobs in November. Employment in financial activities is 30,000 jobs above its February 2020 level.

Mining jobs did not increase in November. Mining employment is 87,000 below a peak in January 2019.

Retail jobs decreased by 20,000 in November.  Retail jobs are down by 176,000 since February 2020.

Transportation and warehousing added 54,000 jobs in October. Jobs are 210,000 jobs ahead of February 2020.

The other services jobs did not increase in November. Employment in other services remains 169,000 lower than in February 2020.

Personal Care jobs did not increase in November. Social Assistance care jobs are 204,000 below February 2020 levels

Construction jobs increased by 31,000 in November. Employment in construction is 115,000 lower than in February 2020.

Wholesale jobs did not increase in November.  Employment in wholesale trade is 158,000 lower than in February 2020.

https://www.bls.gov/news.release/pdf/empsit.pdf

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry          June      July      Aug      Sept    Oct     Nov

Hospitality       2.2M     1.7M    1.7M    1.6M    1.4M   1.3M

Prof & Bus      632K     556K    468K    385K   215K    69K

Mfg                 481K     433K    378K    353K   270K  253K

Construction  238K     238K    238K    201K   150K   115K

Mining           110K     103K    103K      93K     87K     87K

Healthcare    508K     502K    502K    524K   460K   450K

Public Sch    582K     205K    409K    504K   575K   575K

Pvt Schools  255K     207K    159K    172K   148K   148K

Social Asst   236K     236K    236K    204K   204K   204K

Media/Info    193K     172K    150K    108K   122K   122K

Trans Whse  94K       44K      22K    +75K  +149K +210K

Wholesale    192K    192K     192K   159K   158K   158K

Other Svc     297K     236K    189K   189K   169K  169K

Retail            303K     270K    285K   202K   140K  176K

Totals    6.322M 5.575M 5.422M 4.619M 4.891M 4.681M

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.bls.gov/news.release/empsit.nr0.htm

The Employment Situation-August 2021 (bls.gov)

 

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.

Over 1.7 million illegal immigrants entered the US since January 2021. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

The US Labor Force Participation Rate 2021

%     2021

61.6 November

61.6 October

61.6 September 

61.7 August 

61.7 July

61.6 June

61.6 May

61.7 April

61.5 March

61.4 February

61.4 January

https://tradingeconomics.com/united-states/labor-force-participation-rate

Norb Leahy, Dunwoody GA Tea Party Leader

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