By Kristy Scheuble
Dec. 5 (Bloomberg) -- Following is a summary of the November employment situation from the Labor Department.
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Nov. Oct. Sept. Aug. July June 3-month
2008 2008 2008 2008 2008 2008 Average
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Unemployment rate 6.7% 6.5% 6.1% 6.1% 5.7% 5.5% 6.4%
Rate (3 decimals) 6.682% 6.502% 6.125% 6.055% 5.682% 5.505% 6.436%
Avg. hourly earnings 0.4% 0.3% 0.2% 0.4% 0.3% 0.3% 0.3%
Avg. weekly hours 33.5 33.6 33.6 33.7 33.7 33.7 33.6
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Nonfarm employment -533 -320 -403 -127 -67 -100 -419
Previous estimate n/a -240 -284 -127 -67 -100 n/a
Net Revision -199
Manufacturing -85 -104 -69 -61 -40 -44 -86
Previous estimate n/a -90 -56 -61 -40 -44 n/a
Household employment -673 -297 -222 -342 -72 -155 -397
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Nov. Oct. Sept. Aug. July June 3-month
2008 2008 2008 2008 2008 2008 Average
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------------Monthly Change in Employment------------
Nonfarm employment -533 -320 -403 -127 -67 -100 -419
Total private -540 -362 -384 -139 -106 -110 -429
Goods-producing -163 -167 -117 -70 -54 -86 -149
Construction -82 -64 -55 -20 -23 -50 -67
Manufacturing -85 -104 -69 -61 -40 -44 -86
Service providing -370 -153 -286 -57 -13 -14 -270
Trade, transport -147 -101 -121 -47 -38 -20 -123
Retail trade -91 -62 -76 -28 -22 -8 -76
Information -19 -6 -6 -4 -9 -5 -10
Financial -32 -31 -23 -10 -7 -13 -29
Business services -136 -63 -65 -50 -23 -55 -88
Temporary help -78 -45 -45 -38 -24 -36 -56
Education, health 52 28 -4 62 44 71 25
Leisure, hospitality -76 -25 -52 -16 -24 0 -51
Government 7 42 -19 12 39 10 10
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Nov. Oct. Sept. Aug. July June 3-month
2008 2008 2008 2008 2008 2008 Average
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----------------------Earnings-----------------------
Avg. hourly earnings $18.30 $18.23 $18.17 $18.14 $18.06 $18.00 $18.23
MOM% change 0.4% 0.3% 0.2% 0.4% 0.3% 0.3% 0.3%
YOY% change 3.7% 3.6% 3.4% 3.6% 3.4% 3.4% 3.6%
Avg. weekly earnings $613.05 $612.53 $610.51 $611.32 $608.62 $606.60 $612.03
MOM% change 0.1% 0.3% -0.1% 0.4% 0.3% 0.3% 0.1%
YOY% change 2.8% 3.0% 2.8% 3.3% 3.1% 2.8% 2.9%
--------------------Hours of Work--------------------
Total private 33.5 33.6 33.6 33.7 33.7 33.7 33.6
MOM% change -0.3% 0.0% -0.3% 0.0% 0.0% 0.0% -0.2%
Manufacturing 40.3 40.5 40.5 40.9 41.0 41.0 40.4
MOM% change -0.5% 0.0% -1.0% -0.2% 0.0% 0.0% -0.5%
Overtime 3.3 3.5 3.5 3.7 3.8 3.8 3.4
--------------------Aggregate Hours--------------------
Aggregate hours index 104.7 105.7 106.1 106.8 106.9 107.0 105.5
3-month annualized -5.1% -3.0% -2.2% -1.8% -1.7% -0.9% n/a
MOM% change -0.9% -0.4% -0.7% -0.1% -0.1% -0.1% -0.7%
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Nov. Oct. Sept. Aug. July June 3-month
2008 2008 2008 2008 2008 2008 Average
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-----------Labor Force Status (thousands)-------------
Pool available labor 15,695 15,046 14,544 14,172 13,781 13,387 15,095
Level change 649 502 372 391 394 134 508
Augmented Unemp. Rate 9.8% 9.4% 9.1% 8.9% 8.6% 8.4% 9.4%
Civilian labor force 154,616 155,038 154,732 154,853 154,603 154,390 154,795
Level change -422 306 -121 250 213 -144 -79
Participation rate 65.8% 66.1% 66.0% 66.1% 66.1% 66.1% 66.0%
Employment 144,285 144,958 145,255 145,477 145,819 145,891 144,833
Level change -673 -297 -222 -342 -72 -155 -397
Employment ratio 61.4% 61.8% 62.0% 62.1% 62.4% 62.4% 61.7%
Unemployment 10,331 10,080 9,477 9,376 8,784 8,499 9,963
Level change 251 603 101 592 285 12 318
Avg. duration (wks) 18.8 19.7 18.4 17.4 17.1 17.5 19.0
Median duration 10.0 10.6 10.2 9.2 9.7 10.0 10.3
Not in labor force 80,212 79,575 79,628 79,253 79,261 79,237 79,805
Level change 637 -53 375 -8 24 366 320
Job leavers 9.0% 9.3% 10.2% 10.7% 9.8% 9.9% 9.5%
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Nov. Oct. Sept. Aug. July June 3-month
2008 2008 2008 2008 2008 2008 Average
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--------------------Diffusion Index--------------------
Private nonfarm 27.6 37.8 35.9 46.2 38.3 42.3 33.8
3-mo. average 33.8 40.0 40.1 42.3 42.3 44.8 n/a
Manufacturing 21.4 26.8 25.0 37.5 26.8 30.4 24.4
3-mo. average 24.4 29.8 29.8 31.6 33.9 36.7 n/a
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NOTE: All figures seasonally adjusted. Employment figures in thousands.
The augmented unemployment rate is the number of job wanters plus the number
unemployed divided by the labor force plus the number of job wanters.
To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net
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