The November jobs report is out, again slightly delayed due to the Schumer Shutdown. Jobs added were higher than initial estimates, coming in at 64,000 new jobs, well over the predicted number of 50,000. That's good news.
BREAKING: The November Jobs Report has been RELEASED
— Townhall.com (@townhallcom) December 16, 2025
🟢Jobs ADDED In Nov: 64,000
Expected: 50,000
November Unemployment: 4.6%
This data was delayed due to the government shutdown. pic.twitter.com/htJJqGd5IR
The Fox report says:
The November jobs report was just released moments ago, the U.S. adding 64,000 jobs last month, which is better than the forecast of 50,000. The unemployment rate also jumped, more than expected, to 4.6 percent. This is the highest since September 2021. This data was delayed due to the government shutdown.
The labor force participation rate remains mostly flat, with a slight decline in recent months. So, the news is something of a mixed bag, but more jobs are always good news.
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What's interesting here is that the healthcare field was responsible for a majority of the new jobs.
The establishment numbers showed most of the gains in November came from a familiar source — health care added 46,000 jobs, accounting for more than 70% of the total net increase. Construction rose by 28,000, while social assistance contributed 18,000.
On the down side, transportation and warehousing was off 18,000, part of a continuing trend in job losses for the sector. Leisure and hospitality also posted a loss of 12,000.
Healthcare is expected to remain a growth field for some time to come, as the United States population, like most developed countries, is aging. A career in medicine or nursing would be a great choice for any young person looking for a lucrative career - at least, unless Democrats regain control of the federal government and pass some harebrained socialized medicine scheme.
There was some other good news:
Average hourly earnings rose just 0.1% for the month, below the estimate for 0.3%, and were up 3.5% from a year ago, the smallest annual gain since May 2021.
The 0.1 percentage point increase in the unemployment rate was largely a function of labor force growth.
And:
In other economic news Tuesday, the Commerce Department reported that retail sales were flat in September, against a forecast for a 0.1% increase, according to numbers adjusted for seasonality but not inflation. Excluding autos, however, sales increased 0.4%, better than the 0.2% estimate.
Something of a mixed bag, then.
A nation's economy, especially an economy the size of the American economy, doesn't turn on a dime. Some of us Boomers remember the Nixon/Ford/Carter economy, and how it took the Reagan administration almost two years to unravel that mess. It may well be the same here. In the early '80s, the Fed hiked interest rates and left them high to squash inflation; by the time President Reagan was running for a second term, it was "Morning in America," and we all know what happened in the 1984 election. The same may happen here - or it may not. But for now, one can look at the country's economic picture and honestly say that it's improving. Trillions of dollars of new investment are pouring into American manufacturing, and that will be coming online in the next 12-24 months.
We might like the economy to improve more quickly, but it's improving.
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