us employement data nov.2006
U.S. Nov. average workweek steady to 33.9 hours
U.S. Nov. average hourly earnings up 0.2%
U.S. Nov. factory jobs down 15,000; services up 172,000.
U.S. Nov. construction jobs down 29,000
U.S. Nov. retail jobs up 20,000 strongest pace in a year
U.S. Oct., Sept nonfarm payrolls revised up by net 42,000
U.S. Nov. unemployment rate 4.5% vs 4.4% in Oct.
U.S. Nov. nonfarm payrolls up 132,000 vs 112,000 expected
one thing that is a little bid optimistic is that the bls assumes that they have only a 2k difference in the construction assumption from 2005. maybe this can be explained to some part with the desperate builders try to built as fast as they can so they can sell before the full bust is coming. if this is the rational behind this number should fall of a cliff in the next quarters!
Natural Resources & Mining
Trade, Transportation, & Utilities
Professional & Business Services
Education & Health Services
Leisure & Hospitality
Nonfarm employment....... 132
Retail trade 20
Professional and usiness services.. 43
Education and health services........... 41
Leisure and hospitality 31
Construction employment declined by 29,000 in November, following a loss ofsimilar size in October. The November decline was spread across all componentindustries. Since peaking in February of this year, employment in residentialspecialty trades was down by 109,000. Employment in nonresidential specialtytrades edged down in November, after trending up during the first 10 months ofthe year.
Manufacturing employment continued to trend down (-15,000) in November.Motor vehicles and parts lost 7,000 jobs. Employment continued to fall in two construction-related industries: wood products (-6,000) and furniture and related products (-5,000). Computer and electronic products manufacturing added 5,000 jobs over the month.