Economy
December 4, 2016
Net Job Creation by Industry through November 2016
Written by Peter Wright
In November net job creation was 178,000 which was about in line with analysts’ expectations. The employment situation is strong enough for the Fed to likely go ahead with a target rate increase later this month. September employment numbers were revised up by 17,000 and October down by 19,000. Using a three month moving average (3MMA), the result for November was 176,000 up from 175,000 in October. Figure 1 shows the 3MMA of the number of jobs created as the brown bars since 1990.
