at the year, this is a year that is running slower jobs growth than we saw last year. so the economy is still growing, companies are still hiring, but not as briskly as last year and in prior years. 3.7% is the unemployment rate, exactly where it has been stuck right there, about 370,000 people entered the workforce. you want to see that. you want to see that because that means people out there who had left and weren t even looking for work, hadn t been working in some years, are trying to come back in and get a job so we like to see that. what about sectors? again, fascinating for all of the political reasons. a lot of the job growth, almost all the job growth you ve seep this year have been in service jobs, not in making stuff. not in manufacturing but in service jobs. business information services, about a third of this jobs growth has been in computer systems designers, health care always a strong grower. manufacturing 16,000. the government going out of its way to point out in thi
numbers. the overall job reaction was not quite as robust as we had thought. so you can see slowing a little bit from the pace in october and some of those good months earlier this summer. so 155,000 net new jobs. on average, if you average that out before the month, it is about the sa,000 net new jobs a month. so put 155 in that context. here is the unemployment rate, though. it stays at this generational low of 3.7%. this is nearing what you would call full employment. if that is the case where everyone who wants a job has a job in this country, you will see the pace of job reaction slow simply because companies won t be able to find the workers to hire. where were they hiring? they were hiring in business information services. these tend to be higher-paid jobs. health care, 32,000 jobs there. this has been for years. we have seen health care as a
3.8%, you said it, heard it through the grapevine. early 2,000, 3.8%. it is hiring across the spectrum in health care, business information services, retail, also manufacturing. this is the best sort of year for manufacturing job gains since 2011. what we re hearing from employers is in some cases they can t find enough workers. i think eventually you ll see wages have to increase, pay up to keep and retain good workers. on trade, canada, mexico, the eu, what are they going to do? big question here, why are we fighting with our friends. if the real problem is china, why are we fighting with our friends? our friends are fighting back. mexico says it will put tariffs on pork, fruit and cheese. the eu says it will be on denim, bourbon and motorcycles, to the heart of mitch mcconnell s home state, paul ryan s home state, paul ryan hates these tariffs. canada says they ll retaliate with steel and aluminum. the canadians really
that s a level economists consider full employment. you have 6 million job openings and trying to put the two together is the next trickier. where were the jobs gapes? bars and restaurants. not a surprise there. they are coming back after being laid off in the hurricanes. business information services. and manufacturing. 24,000 net new jobs. another month of job creation in health care. that has been a steady performer. what has not been is wage growth. this is a missing part. a very big missing part of a job recovery. thanks. as christine points out, wage growth is a sticking point for the trump economy. up 2.4%. that s down from september which is 2.8. the president said look at the record breaking streak for the dow and he thinks he is not
4.6%, the lowest point since august 2007. the economy added 178,000 jobs in the month of november. chief business correspondent christine romans is taking a very deep look into it. what does it all mean? you know, the lowest unemployment rate since 2007, a nine-year low. let me show you the jobs added. 178,000 net new jobs. look at the trend for the year. look at that revision in september. 208,000, that s strong, consistent jobs growth. the unemployment rate falling, falling, falling, falling, 4.6%. this is a level most economists consider full employment. this is why you hear some ceos saying they are having trouble finding workers. there are six million job openings in america and they need more workers to fill them. ironic, right? let s talk about the sectors. business information services, up 63,000. we ve seen consistent jobs gains over the past few months there. health care. this has been going on for years. jobs in health care across the spectrum. lots of different pay kind