November Job Growth Highest Since January 2012
The Labor Department reported that robust job growth continued in November, with the addition of 321,000 new jobs, the highest in a single month since January 2012.
Labor Department secretary Thomas E. Perez said, “We’ve now had an unprecedented run of 57 straight months of private-sector job growth, with nearly 11 million jobs created over that time. November was the 10th consecutive month with job growth exceeding 200,000 — the longest stretch since the 1990s.”
The unemployment rate of 5.8% was unchanged from the previous month. Growth was widespread across industries, with particularly strong growth in professional and business services, education and health, and manufacturing.
“The news is good across the board. Growth has been strong in middle and high-wage industries over the last two years, and November saw particularly strong growth in professional and business services jobs. Auto sales are surging. Consumer confidence continues to grow. Americans are bullish about our economic future,” Perez said.