Both payroll employment (+64,000) and unemployment rate (4.6%) change little in November

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The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment changed little in November 2025 (+64,000), with little net change since April, and that the unemployment rate, at 4.6 percent, was little changed from September. The number of unemployed people stood at 7.8 million, compared to 4.2 percent and 7.1 million a year earlier. The agency noted that health care employment rose by 46,000 and construction by 28,000 in November, while federal government employment declined by 6,000, following a loss of 162,000 in October; average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $36.86, a 3.5 percent increase over the past 12 months. BLS also reported that August payroll figures were revised down by 22,000 (to -26,000) and September revised down by 11,000 (to +108,000), and stated that publication of the data was delayed due to a lapse in federal appropriations from October 1 through November 12, 2025.

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