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November 2013 jobs report shows unemployment rate has dropped to 7 percent

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Total private sector employment in the United States rose by 203,000 jobs in November 2013 while the unemployment rate declined from 7.3 percent to 7 percent and the number of unemployed persons dropped from 11.3 million to 10.9 million, according to ‘THE EMPLOYMENT SITUATION — NOVEMBER 2013’ released today by the U.S. Department of Labor’s Bureau of Labor Statistics.

Job gains occurred in professional and business services, transportation and warehousing, health care, manufacturing, retail trade, leisure and hospitality, and construction in November 2013. Over the past 12 months, employment growth has averaged 195,000 jobs per month.

Professional and business services employment gained 35,000 jobs in November 2013, and the industry added an average of 55,000 jobs per month over the prior 12 months.

Employment in transportation and warehousing employment rose by 31,000 jobs in November 2013, with gains mostly in couriers and messengers, truck transportation, warehousing and storage, and air transportation.

Health care employment gained 28,000 jobs, and job growth has averaged 19,000 jobs per month thus far this year compared with an average monthly gain of 27,000 jobs in 2012.

Manufacturing employment added 27,000 jobs in November 2013, with gains occurring mostly in food manufacturing and in motor vehicles and parts.

Employment in retail trade expanded by 22,000 jobs in November 2013. Over the prior 12 months, job growth in retail trade averaged 31,000 jobs per month.

Leisure and hospitality employment in food services and drinking places added 18,000 jobs in November 2013 and growth in this industry averaged 28,000 jobs per month over the prior 12 months.

Employment in construction gained 17,000 jobs in November 2013. Monthly job gains in the industry averaged 15,000 jobs over the prior 12 months.

Federal government employment declined by 7,000 jobs in November 2013. Over the past 12 months, federal government employment has decreased by 92,000 jobs.

Employment in other major industries including mining and logging, wholesale trade, information, and financial activities showed little or no change in November 2013.

In addition, the change in employment for September 2013 was revised from 163,000 jobs added up to 175,000 jobs added and the change for October 2013 was revised from 204,000 jobs added down to 200,000 jobs added. With these revisions, employment gains in September and October combined were 8,000 higher than previously reported.

The Employment Situation for December 2014 is scheduled to be released on Friday, January 10, 2014.

The complete Employment Situation report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.

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