Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

November 2009 Employment Situation

The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged…

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.

Household Survey Data

In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent. (See table A-1.)

Among the major worker groups, unemployment rates for adult men (10.5 per- cent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 per- cent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed tem- porary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.)

The civilian labor force participation rate was little changed in November at 65.0 percent. The employment-population ratio was unchanged at 58.5 percent. (See table A-1.)

The number of people working part time for economic reasons (sometimes re- ferred to as involuntary part-time workers) was little changed in November at 9.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-5.)

About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier. (The data are not sea- sonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-13.)

Among the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 a year earlier. (The data are not seasonally ad- justed.) Discouraged workers are persons not currently looking for work be- cause they believe no jobs are available for them. The remaining 1.5 mil- lion persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attend- ance or family responsibilities.

Establishment Survey Data

Total nonfarm payroll employment was essentially unchanged in November (-11,000). Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care. Since the recession began, payroll employment has decreased by 7.2 million. (See table B-1.)

Construction employment declined by 27,000 over the month. Job losses had averaged 117,000 per month during the 6 months ending in April and 63,000 per month from May through October. In November, construction job losses were concentrated among nonresidential specialty trade contractors (-29,000).

Manufacturing employment fell by 41,000 in November. The average monthly decline for the past 5 months (-46,000) was much lower than the average monthly job loss for the first half of this year (-171,000). About 2.1 mil- lion manufacturing jobs have been lost since December 2007; the majority of this decline has occurred in durable goods manufacturing (-1.6 million).

Employment in the information industry fell by 17,000 in November. About half of the job loss occurred in its telecommunications component (-9,000).

There was little change in wholesale and retail trade employment in November. Within retail trade, department stores added 8,000 jobs over the month.

The number of jobs in transportation and warehousing, financial activities, and leisure and hospitality showed little change over the month.

Employment in professional and business services rose by 86,000 in November. Temporary help services accounted for the majority of the increase, adding 52,000 jobs. Since July, temporary help services employment has risen by 117,000.

Health care employment continued to rise in November (21,000), with not- able gains in home health care services (7,000) and hospitals (7,000). The health care industry has added 613,000 jobs since the recession began in December 2007.

In November, the average workweek for production and nonsupervisory workers on private nonfarm payrolls rose by 0.2 hour to 33.2 hours. The manufacturing workweek increased by 0.3 hour to 40.4 hours. Factory overtime rose by 0.1 hour to 3.4 hours. Since May, the manufacturing workweek has increased by 1.0 hour. (See table B-2.)

In November, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls edged up by 1 cent, or 0.1 percent, to $18.74. Over the past 12 months, average hourly earnings have risen by 2.2 percent, while average weekly earnings have risen by 1.6 percent. (See table B-3.)

The change in total nonfarm payroll employment for September was revised from -219,000 to -139,000, and the change for October was revised from -190,000 to -111,000.

Source: U.S. Bureau of Labor Statistics · Original release Dec 4, 2009.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierNov 4, 2009Publication referenceDec 4, 200930 days laterJan 3, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®5.03%Observed 4.71%Observed −32 bps vs. earlier reference5.14%Observed +43 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Sep 4, 2009 – Mar 4, 2010
Historical mortgage and Treasury observations around Dec 4, 2009Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.50%5.00%5.50%Publication date30-year fixed mortgage: 5.07% · Sep 10, 200930-year fixed mortgage: 5.04% · Sep 17, 200930-year fixed mortgage: 5.04% · Sep 24, 200930-year fixed mortgage: 4.94% · Oct 1, 200930-year fixed mortgage: 4.87% · Oct 8, 200930-year fixed mortgage: 4.92% · Oct 15, 200930-year fixed mortgage: 5.00% · Oct 22, 200930-year fixed mortgage: 5.03% · Oct 29, 200930-year fixed mortgage: 4.98% · Nov 5, 200930-year fixed mortgage: 4.91% · Nov 12, 200930-year fixed mortgage: 4.83% · Nov 19, 200930-year fixed mortgage: 4.78% · Nov 25, 200930-year fixed mortgage: 4.71% · Dec 3, 200930-year fixed mortgage: 4.81% · Dec 10, 200930-year fixed mortgage: 4.94% · Dec 17, 200930-year fixed mortgage: 5.05% · Dec 24, 200930-year fixed mortgage: 5.14% · Dec 31, 200930-year fixed mortgage: 5.09% · Jan 7, 201030-year fixed mortgage: 5.06% · Jan 14, 201030-year fixed mortgage: 4.99% · Jan 21, 201030-year fixed mortgage: 4.98% · Jan 28, 201030-year fixed mortgage: 5.01% · Feb 4, 201030-year fixed mortgage: 4.97% · Feb 11, 201030-year fixed mortgage: 4.93% · Feb 18, 201030-year fixed mortgage: 5.05% · Feb 25, 201030-year fixed mortgage: 4.97% · Mar 4, 2010Sep 4, 2009Dec 4, 2009Mar 4, 2010
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,557.72/month

4.71% · Dec 3, 2009

At the later reference$1,636.23/month

5.14% · Dec 31, 2009

The illustrative principal-and-interest payment is $78.51 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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