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Comments on November Employment Report

The headline jobs number at 266 thousand for November was above consensus expectations of 180 thousand, and the previous two months were revised up 41 thousand, combined. The unemployment rate decreased to 3.5%.

Earlier: November Employment Report: 266,000 Jobs Added, 3.5% Unemployment Rate

In November, the year-over-year employment change was 2.204 million jobs including Census hires.

Seasonal Retail Hiring

Typically retail companies start hiring for the holiday season in October, and really increase hiring in November. Here is a graph that shows the historical net retail jobs added for October, November and December by year.

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