In November 2025, U.S. nonfarm employment continued its strong momentum. According to the latest data, total nonfarm employment reached 159.5 million, with a net increase of 64,000 jobs month-on-month, maintaining a steady upward trend over the past six months. Although the monthly gain has declined from previous highs, the sixth consecutive month of positive growth underscores labor market resilience and reflects ongoing support from underlying economic fundamentals.
By sector, retail employment remained elevated at 15.609 million, indicating sustained demand for labor in the consumption sector. This aligns with overall market stability and highlights the critical role of service industries in job creation. Meanwhile, employment fluctuations over the past six months have been limited to around 100,000, suggesting only minor adjustments in the labor market without significant imbalances, pointing to a generally stable environment.
Overall, the U.S. labor market exhibits a "stable progress" pattern. While job growth has moderated, total employment continues rising and sectoral distribution remains balanced, reflecting the economy’s strong adaptability. Policymakers should focus on balancing inflation pressures with labor supply dynamics to ensure sustainable employment growth and support long-term macroeconomic health.
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