The Westwind

Jobs report for November shows great improvement

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The United States Labor Department released the jobs report from November, and it showed considerable job growth while wages remained fairly stagnant.

The report states that an estimated 228,000 nonfarm jobs were added to the US economy last month. Many attribute some of the gains to the returning to work by those affected by the October hurricanes. The major growth, however, happened in three fields: healthcare (30,000 jobs), professional and business services (46,000 jobs), and manufacturing (31,000 jobs). Even with the growth, the unemployment rate remained at 4.1 percent, a 17-year low.

The statistic that disconcerts some is the average hourly wage growth. The hourly wage of private sector workers rose five cents, bringing their hourly wage up to $26.55. This is up 2.5 percent from last year, but still below projected stats.

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