The Employment Situation: November 2004 — 2004-12-03

Employment rose in November, and the unemployment rate, at 5.4 percent, was essentially unchanged, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment increased by 112,000 over the month, with job gains in several service-providing industries. Both the number of unemployed persons, 8.0 million, and the unemployment rate, 5.4 percent, were about unchanged in November. The jobless rate has been either 5.4 or 5.5 percent in each month since July. This is slightly below the rates that prevailed in the first half of 2004. In November, the unemployment rates for the major worker groups--adult men (4.9 percent), adult women (4.8 percent), teenagers (16.6 percent), whites (4.7 percent), blacks (10.8 percent), and Hispanics or Latinos (6.7 percent)--showed little or no change over the month. The unemployment rate for Asians was 4.2 percent in November, not seasonally adjusted.