U.S. Payrolls in November Grew 321,000; Jobless Rate 5.8%
Economy on Track to Record Strongest Year of Job Creation in 15 Years
Average hourly earnings for private-sector workers rose 9 cents from October, to $24.66. That was a 2.1% gain from a year earlier, up a hair from the 2% annual trend of recent months but largely in line with the postrecession trend. In addition, weekly earnings got a boost from a slightly longer workweek: 34.6 hours in November, up from a revised 34.5 hours in October.
A broader version of the unemployment rate, which includes involuntary part-time workers and people marginally attached to the labor force, was 11.4% last month, down from 11.5% in October and 13.1% in November 2013.
http://online.wsj.com/articles/u-s-payrolls-in-november-grew-321-000-jobless-rate-5-8-1417786322?mod=WSJ_hp_LEFTTopStories
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MA Added 1,200 Jobs in October, Unemployment Rate Remained at 6%
(MA reports one month behind US reports)
The Executive Office of Labor and Workforce Development (EOLWD) today reported that preliminary estimates from the Bureau of Labor Statistics (BLS) show Massachusetts added 1,200 jobs in October for a total preliminary estimate of 3,424,600. The October total unemployment rate remained unchanged at 6.0 percent.
Since October 2013, Massachusetts has added a net of 52,600 jobs; with 50,400 jobs added in the private sector. The total unemployment rate for the year is down 1.2 percent from the October 2013 rate of 7.2 percent.
http://lmi2.detma.org/Lmi/News_release_state.asp
http://lmi2.detma.org/lmi/lmi_graph.asp