The economy added 178,000 jobs in November, and the headline unemployment rate declined by three ticks to 4.6 percent, the U.S. Bureau of Labor Statistics reported this morning. That's right in line with recent trends: Over the past three months, job gains have averaged 176,000 per month.
The strongest sector continues to be employment in professional and business services, which rose by 63,000 in November and has risen by 571,000 over the year. Over the month, accounting and bookkeeping services added 18,000 jobs.
Health care employment rose by 28,000 in November; over the past 12 months, health care has added 407,000 jobs. Employment in construction continued on its recent upward trend in November, adding 19,000 jobs. Over the past three months, construction has added 59,000 jobs, largely in residential construction.
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