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December 03, 2021US EMPLOYMENT, NOVEMBER 2021 The US Bureau of Labor Statistics reported that US non-farm payroll employment increased 210,000 from October to November 2021.
US employment fell by 22.4 million in March and April 2020. Although this was a much sharper decline in employment than observed during the previous US recession, the recovery in employment has also been much faster. As of November 2021, US employment has recovered 82.5% of jobs lost in March and April 2020.
In November 2021, US employment increased in professional and business services, transportation and warehousing, construction, manufacturing, and financial activities. Employment declined in retail trade. Employment was little changed in health care, leisure and hospitality, mining, wholesale trade, information, other services, and education.
The US unemployment rate declined 0.4 percentage points to 4.2% in November 2021. US unemployment was 6.9 million in November 2021. The US unemployment rate remains 0.7 percentage points higher, and the number of unemployed persons increased by 1.2 million compared to February 2020.
The US participation rate edged up 0.2 percentage points to 61.8% of the working age population in November 2021, this is 1.5 percentage points below its February 2020 level.
The US employment to population ratio increased 0.4 percentage points to 59.2% in November 2021. This is 1.9 percentage points lower than its February 2020 level.
Note: Canadian and US labour force statistics refer to different working-age cohorts.
Sources:
US Bureau of Labor Statistics news release, Commissioner's Statement on the Employment Situation
Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle
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