Here's where the jobs are for November 2023 — in one chart
In November, the U.S. job market saw an increase in payrolls by 199,000, leading to a decrease in the unemployment rate to 3.7%. The growth was primarily driven by the health care and social assistance sector, which added over 93,000 jobs. Government jobs also saw an increase of 49,000, and leisure and hospitality added 40,000 jobs. Including private education, the total job gains for health care and social assistance reached 99,000. This growth in health care is seen as a long-term trend, less influenced by factors like interest rates. Additionally, the return of strike workers contributed to the employment gains, with manufacturing seeing a rise of 28,000 jobs, particularly in motor vehicles and parts. The motion picture and sound recording industries also added 17,000 jobs as Hollywood production resumed following an actors’ strike. However, retail trade experienced a loss of over 38,000 jobs, though this may be due to seasonal adjustments needing to catch up or change. Overall, these job market numbers indicate a positive trend in the U.S. economy.