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

Jobs · ORIGINAL ECONOMIC RELEASE

November 2010 Employment Situation

The unemployment rate edged up to 9.8 percent in November, and nonfarm payroll employment was little changed (+39,000), the U.S. Bureau of Labor Statistics reported today. Temporary help services and health care continued to add jobs…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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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 up to 9.8 percent in November, and nonfarm payroll employment was little changed (+39,000), the U.S. Bureau of Labor Statistics reported today. Temporary help services and health care continued to add jobs over the month, while employment fell in retail trade. Employment in most major industries changed little in November.

Household Survey Data

The number of unemployed persons was 15.1 million in November. The unemployment rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.0 per- cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per- cent) edged up in November. The jobless rate for blacks (16.0 percent) showed little change over the month, while the rate for teenagers declined to 24.6 per- cent. The jobless rate for Asians was 7.6 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 tempor- ary jobs rose by 390,000 to 9.5 million in November. The number of long-term un- employed (those jobless for 27 weeks and over) was little changed at 6.3 million and accounted for 41.9 percent of the unemployed. (See tables A-11 and A-12.)

The civilian labor force participation rate held at 64.5 percent in November, and the employment-population ratio was essentially unchanged at 58.2 percent. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed over the month at 9.0 mil- lion. 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-8.)

About 2.5 million persons were marginally attached to the labor force in November, up from 2.3 million a year earlier. (The data are not seasonally 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 un- employed because they had not searched for work in the 4 weeks preceding the sur- vey. (See table A-16.)

Among the marginally attached, there were 1.3 million discouraged workers in November, an increase of 421,000 from a year earlier. (The data are not season- ally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.2 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment changed little in November (+39,000). Job gains continued in temporary help services and in health care, while employment fell in retail trade. Since December 2009, total payroll employment has increased by an average of 86,000 per month. (See table B-1.)

Within professional and business services, employment in temporary help services continued to increase in November (+40,000) and has risen by 494,000 since Septem- ber 2009.

Health care continued to add jobs over the month, with a gain of 19,000. Much of the increase occurred in hospitals (+8,000).

Employment in mining continued to trend up over the month. Support activities for mining added 6,000 jobs in November and has added 74,000 jobs since October 2009.

Retail trade employment fell by 28,000 in November. Job losses occurred in depart- ment stores (-9,000) and in furniture and home furnishings stores (-5,000).

Employment in manufacturing was little changed over the month (-13,000). Following job growth earlier in 2010, employment has been relatively flat, on net, since May. Employment in most other major industries changed little in November.

The average workweek for all employees on private nonfarm payrolls held at 34.3 hours in November. The manufacturing workweek for all employees also was unchanged, at 40.3 hours, and factory overtime remained at 3.1 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.5 hours. (See tables B-2 and B-7.)

In November, average hourly earnings of all employees on private nonfarm payrolls increased by 1 cent to $22.75. Over the past 12 months, average hourly earnings have increased by 1.6 percent. In November, average hourly earnings of private-sec- tor production and nonsupervisory employees were unchanged at $19.19. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from -41,000 to -24,000, and the change for October was revised from +151,000 to +172,000.

Source: U.S. Bureau of Labor Statistics · Original release Dec 3, 2010.

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 3, 2010Publication referenceDec 3, 201030 days laterJan 2, 2011
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.23%Observed 4.46%Observed +23 bps vs. earlier reference4.86%Observed +40 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 3, 2010 – Mar 3, 2011
Historical mortgage and Treasury observations around Dec 3, 2010Each 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.4.00%4.75%5.50%Publication date30-year fixed mortgage: 4.35% · Sep 9, 201030-year fixed mortgage: 4.37% · Sep 16, 201030-year fixed mortgage: 4.37% · Sep 23, 201030-year fixed mortgage: 4.32% · Sep 30, 201030-year fixed mortgage: 4.27% · Oct 7, 201030-year fixed mortgage: 4.19% · Oct 14, 201030-year fixed mortgage: 4.21% · Oct 21, 201030-year fixed mortgage: 4.23% · Oct 28, 201030-year fixed mortgage: 4.24% · Nov 4, 201030-year fixed mortgage: 4.17% · Nov 11, 201030-year fixed mortgage: 4.39% · Nov 18, 201030-year fixed mortgage: 4.40% · Nov 24, 201030-year fixed mortgage: 4.46% · Dec 2, 201030-year fixed mortgage: 4.61% · Dec 9, 201030-year fixed mortgage: 4.83% · Dec 16, 201030-year fixed mortgage: 4.81% · Dec 23, 201030-year fixed mortgage: 4.86% · Dec 30, 201030-year fixed mortgage: 4.77% · Jan 6, 201130-year fixed mortgage: 4.71% · Jan 13, 201130-year fixed mortgage: 4.74% · Jan 20, 201130-year fixed mortgage: 4.80% · Jan 27, 201130-year fixed mortgage: 4.81% · Feb 3, 201130-year fixed mortgage: 5.05% · Feb 10, 201130-year fixed mortgage: 5.00% · Feb 17, 201130-year fixed mortgage: 4.95% · Feb 24, 201130-year fixed mortgage: 4.87% · Mar 3, 2011Sep 3, 2010Dec 3, 2010Mar 3, 2011
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$1,512.93/month

4.46% · Dec 2, 2010

At the later reference$1,584.89/month

4.86% · Dec 30, 2010

The illustrative principal-and-interest payment is $71.96 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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