U.S. employment
The nation in November added 227,000 jobs based on seasonally adjusted figures, slightly above economists’ predictions.
BLS said 36,000 jobs were added in October, upwardly revised from the 12,000 jobs reported a month ago. The October figure was weighed down by furloughs of workers displaced by Hurricane Helene and Hurricane Milton and by a now-settled strike at airplane manufacturer Boeing.
BLS said 255,000 jobs were added in September, upwardly revised from the 223,000 jobs reported a month ago.
BLS monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.
Over the past six months, the average monthly increase was 143,000 jobs. Growth over the past three months averaged 173,000 jobs, up from 113,000 jobs in the previous three months.
November’s increase marked 47 consecutive months of job gains, an uninterrupted winning streak that began in January 2021, which was the month that President Biden took office.
The last monthly job loss, a decline of 243,000 jobs, occurred in December 2020, which was the final full month in President Trump’s first term.
Ad Age All Access subscribers can download a spreadsheet showing advertising employment back to 2000 at AdAge.com/adjobs.