ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

263,000 jobs added in November, unemployment rate at 3.7%

December 2, 2022
Reading Time: 1 min read

Total nonfarm payroll employment rose by 263,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons was relatively unchanged 6.0 million in November, and the unemployment rate was unchanged at 3.7%.

Job growth was notable in leisure and hospitality, health care, and government.

In November, leisure and hospitality added 88,000 jobs in line with the average monthly job gain in the first 11 months of the year. However, employment in leisure and hospitality is below its pre-pandemic February 2020 level by 980,000, or 5.8 percent.

Employment in professional and business services changed little in November (+6,000). Within the industry, professional and technical services added 28,000 jobs, while business support services lost 11,000 jobs. Monthly job growth in professional and business services has averaged 58,000 thus far in 2022, down from 94,000 per month in 2021.

In November, employment in health care rose by 45,000, with gains in ambulatory health care services (+23,000), hospitals (+11,000), and nursing and residential care facilities (+10,000). So far in 2022, health care employment has increased by an average of 47,000 per month, well above the 2021 average monthly gain of 9,000.

Read the BLS release.

Tags: Employment situation
ShareTweetPin

Related Posts

Bank, credit union groups unite against Welch-Gooden bill

ABA, associations reaffirm support for federal preemption of Illinois interchange law

Newsbytes
May 29, 2026

ABA joined other national associations and state bankers associations in submitting a trio of letters expressing their support for recent actions by the OCC to reaffirm federal preemption of state attempts to regulate interchange fees, as in Illinois.

ABA DataBank: Streamflation takes off

ABA DataBank: Streamflation takes off

Economy
May 29, 2026

Streaming prices accelerated through 2025, jumping nearly 20% in December alone as providers cracked down on password sharing, faced higher sports-rights costs, and prioritized profits.

ABA faults banking regulators for confusing CRA rule rollout

FDIC, OCC release Q3, Q4 CRA exam schedules

Community Banking
May 29, 2026

The FDIC has released the schedules for Community Reinvestment Act examinations to be conducted in the third and fourth quarters of the year, while the OCC released its schedule of CRA evaluations for Q3.

Fed’s Waller: FedNow grows to nearly 1,000 institutions

ABA suggests safeguards for proposed FedNow expansion

Newsbytes
May 29, 2026

ABA said it supports a proposal to allow banks and credit unions to use intermediaries to send transfers through the FedNow payments service, as long as certain safeguards are taken.

CFPB releases mortgage servicing proposal, overhauls loss mitigation framework

ABA, associations offer recommendations for expanding mortgage credit access

Mortgage
May 29, 2026

ABA joined seven other associations to express support for the White House's executive order promoting access to mortgage credit.

FinCEN seeks feedback on real estate reporting form

Court vacates FinCEN residential real estate reporting rule

Compliance and Risk
May 28, 2026

A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting requirements are suspended while the agency appeals the decision.

NEWSBYTES

ABA, associations reaffirm support for federal preemption of Illinois interchange law

May 29, 2026

ABA DataBank: Streamflation takes off

May 29, 2026

FDIC, OCC release Q3, Q4 CRA exam schedules

May 29, 2026

SPONSORED CONTENT

A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026
Credit Memos at the Convergence Point

Credit Memos at the Convergence Point

May 1, 2026
Digital Account Opening: Think Outside the Box for Maximum Business Impact

Digital Account Opening: Think Outside the Box for Maximum Business Impact

April 29, 2026

PODCASTS

Podcast: Creating a feeling of welcome, for customers and new bankers

May 28, 2026

Podcast: How consumer deposits drive full relationship banking

May 14, 2026

Podcast: How an Ohio banker talks with policymakers about stablecoin issues

May 6, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.