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

Jobs · ORIGINAL ECONOMIC RELEASE

November 2017 Employment Situation

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business…

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.

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

Household Survey Data

The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)

The labor force participation rate remained at 62.7 percent in November and has shown no clear trend over the past 12 months. The employment-population ratio, at 60.1 percent, changed little in November and has shown little movement, on net, since early this year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 4.8 million, was essentially unchanged in November but was down by 858,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find full-time jobs. (See table A-8.)

In November, 1.5 million persons were marginally attached to the labor force, down by 451,000 from 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 unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 469,000 discouraged workers in November, down by 122,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.0 million persons marginally attached to the labor force in November had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 228,000 in November. Employment continued to trend up in professional and business services, manufacturing, and health care. Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016. (See table B-1.)

Employment in professional and business services continued on an upward trend in November (+46,000). Over the past 12 months, the industry has added 548,000 jobs.

In November, manufacturing added 31,000 jobs. Within the industry, employment rose in machinery (+8,000), fabricated metal products (+7,000), computer and electronic products (+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, manufacturing employment has increased by 189,000.

Health care added 30,000 jobs in November. Most of the gain occurred in ambulatory health care services (+25,000), which includes offices of physicians and outpatient care centers. Monthly employment growth in health care has averaged 24,000 thus far in 2017, compared with an average increase of 32,000 per month in 2016.

Within construction, employment among specialty trade contractors increased by 23,000 in November and by 132,000 over the year.

Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government, changed little over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in November. In manufacturing, the workweek was unchanged at 40.9 hours, and overtime remained at 3.5 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and B-7.)

In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 2.5 percent. Average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents to $22.24 in November. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised up from +18,000 to +38,000, and the change for October was revised down from +261,000 to +244,000. With these revisions, employment gains in September and October combined were 3,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over the last 3 months.

Source: U.S. Bureau of Labor Statistics · Original release Dec 8, 2017.

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 8, 2017Publication referenceDec 8, 201730 days laterJan 7, 2018
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.94%Observed 3.94%Observed Unchanged vs. earlier reference3.95%Observed +1 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury2.32%Observed 2.38%Observed +6 bps vs. earlier reference2.47%Observed +9 bps vs. publication reference

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 8, 2017 – Mar 8, 2018
Historical mortgage and Treasury observations around Dec 8, 2017Each 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.2.00%3.25%4.50%Publication date30-year fixed mortgage: 3.78% · Sep 14, 201730-year fixed mortgage: 3.83% · Sep 21, 201730-year fixed mortgage: 3.83% · Sep 28, 201730-year fixed mortgage: 3.85% · Oct 5, 201730-year fixed mortgage: 3.91% · Oct 12, 201730-year fixed mortgage: 3.88% · Oct 19, 201730-year fixed mortgage: 3.94% · Oct 26, 201730-year fixed mortgage: 3.94% · Nov 2, 201730-year fixed mortgage: 3.90% · Nov 9, 201730-year fixed mortgage: 3.95% · Nov 16, 201730-year fixed mortgage: 3.92% · Nov 22, 201730-year fixed mortgage: 3.90% · Nov 30, 201730-year fixed mortgage: 3.94% · Dec 7, 201730-year fixed mortgage: 3.93% · Dec 14, 201730-year fixed mortgage: 3.94% · Dec 21, 201730-year fixed mortgage: 3.99% · Dec 28, 201730-year fixed mortgage: 3.95% · Jan 4, 201830-year fixed mortgage: 3.99% · Jan 11, 201830-year fixed mortgage: 4.04% · Jan 18, 201830-year fixed mortgage: 4.15% · Jan 25, 201830-year fixed mortgage: 4.22% · Feb 1, 201830-year fixed mortgage: 4.32% · Feb 8, 201830-year fixed mortgage: 4.38% · Feb 15, 201830-year fixed mortgage: 4.40% · Feb 22, 201830-year fixed mortgage: 4.43% · Mar 1, 201830-year fixed mortgage: 4.46% · Mar 8, 201810-year Treasury: 2.06% · Sep 8, 201710-year Treasury: 2.14% · Sep 11, 201710-year Treasury: 2.17% · Sep 12, 201710-year Treasury: 2.20% · Sep 13, 201710-year Treasury: 2.20% · Sep 14, 201710-year Treasury: 2.20% · Sep 15, 201710-year Treasury: 2.23% · Sep 18, 201710-year Treasury: 2.24% · Sep 19, 201710-year Treasury: 2.28% · Sep 20, 201710-year Treasury: 2.27% · Sep 21, 201710-year Treasury: 2.26% · Sep 22, 201710-year Treasury: 2.22% · Sep 25, 201710-year Treasury: 2.24% · Sep 26, 201710-year Treasury: 2.31% · Sep 27, 201710-year Treasury: 2.31% · Sep 28, 201710-year Treasury: 2.33% · Sep 29, 201710-year Treasury: 2.34% · Oct 2, 201710-year Treasury: 2.33% · Oct 3, 201710-year Treasury: 2.33% · Oct 4, 201710-year Treasury: 2.35% · Oct 5, 201710-year Treasury: 2.37% · Oct 6, 201710-year Treasury: 2.35% · Oct 10, 201710-year Treasury: 2.35% · Oct 11, 201710-year Treasury: 2.33% · Oct 12, 201710-year Treasury: 2.28% · Oct 13, 201710-year Treasury: 2.30% · Oct 16, 201710-year Treasury: 2.30% · Oct 17, 201710-year Treasury: 2.34% · Oct 18, 201710-year Treasury: 2.33% · Oct 19, 201710-year Treasury: 2.39% · Oct 20, 201710-year Treasury: 2.38% · Oct 23, 201710-year Treasury: 2.42% · Oct 24, 201710-year Treasury: 2.44% · Oct 25, 201710-year Treasury: 2.46% · Oct 26, 201710-year Treasury: 2.42% · Oct 27, 201710-year Treasury: 2.37% · Oct 30, 201710-year Treasury: 2.38% · Oct 31, 201710-year Treasury: 2.37% · Nov 1, 201710-year Treasury: 2.35% · Nov 2, 201710-year Treasury: 2.34% · Nov 3, 201710-year Treasury: 2.32% · Nov 6, 201710-year Treasury: 2.32% · Nov 7, 201710-year Treasury: 2.32% · Nov 8, 201710-year Treasury: 2.33% · Nov 9, 201710-year Treasury: 2.40% · Nov 10, 201710-year Treasury: 2.40% · Nov 13, 201710-year Treasury: 2.38% · Nov 14, 201710-year Treasury: 2.33% · Nov 15, 201710-year Treasury: 2.37% · Nov 16, 201710-year Treasury: 2.35% · Nov 17, 201710-year Treasury: 2.37% · Nov 20, 201710-year Treasury: 2.36% · Nov 21, 201710-year Treasury: 2.32% · Nov 22, 201710-year Treasury: 2.34% · Nov 24, 201710-year Treasury: 2.32% · Nov 27, 201710-year Treasury: 2.34% · Nov 28, 201710-year Treasury: 2.37% · Nov 29, 201710-year Treasury: 2.42% · Nov 30, 201710-year Treasury: 2.37% · Dec 1, 201710-year Treasury: 2.37% · Dec 4, 201710-year Treasury: 2.36% · Dec 5, 201710-year Treasury: 2.33% · Dec 6, 201710-year Treasury: 2.37% · Dec 7, 201710-year Treasury: 2.38% · Dec 8, 201710-year Treasury: 2.39% · Dec 11, 201710-year Treasury: 2.40% · Dec 12, 201710-year Treasury: 2.36% · Dec 13, 201710-year Treasury: 2.35% · Dec 14, 201710-year Treasury: 2.35% · Dec 15, 201710-year Treasury: 2.39% · Dec 18, 201710-year Treasury: 2.46% · Dec 19, 201710-year Treasury: 2.49% · Dec 20, 201710-year Treasury: 2.48% · Dec 21, 201710-year Treasury: 2.48% · Dec 22, 201710-year Treasury: 2.47% · Dec 26, 201710-year Treasury: 2.42% · Dec 27, 201710-year Treasury: 2.43% · Dec 28, 201710-year Treasury: 2.40% · Dec 29, 201710-year Treasury: 2.46% · Jan 2, 201810-year Treasury: 2.44% · Jan 3, 201810-year Treasury: 2.46% · Jan 4, 201810-year Treasury: 2.47% · Jan 5, 201810-year Treasury: 2.49% · Jan 8, 201810-year Treasury: 2.55% · Jan 9, 201810-year Treasury: 2.55% · Jan 10, 201810-year Treasury: 2.54% · Jan 11, 201810-year Treasury: 2.55% · Jan 12, 201810-year Treasury: 2.54% · Jan 16, 201810-year Treasury: 2.57% · Jan 17, 201810-year Treasury: 2.62% · Jan 18, 201810-year Treasury: 2.64% · Jan 19, 201810-year Treasury: 2.66% · Jan 22, 201810-year Treasury: 2.63% · Jan 23, 201810-year Treasury: 2.65% · Jan 24, 201810-year Treasury: 2.63% · Jan 25, 201810-year Treasury: 2.66% · Jan 26, 201810-year Treasury: 2.70% · Jan 29, 201810-year Treasury: 2.73% · Jan 30, 201810-year Treasury: 2.72% · Jan 31, 201810-year Treasury: 2.78% · Feb 1, 201810-year Treasury: 2.84% · Feb 2, 201810-year Treasury: 2.77% · Feb 5, 201810-year Treasury: 2.79% · Feb 6, 201810-year Treasury: 2.84% · Feb 7, 201810-year Treasury: 2.85% · Feb 8, 201810-year Treasury: 2.83% · Feb 9, 201810-year Treasury: 2.86% · Feb 12, 201810-year Treasury: 2.83% · Feb 13, 201810-year Treasury: 2.91% · Feb 14, 201810-year Treasury: 2.90% · Feb 15, 201810-year Treasury: 2.87% · Feb 16, 201810-year Treasury: 2.88% · Feb 20, 201810-year Treasury: 2.94% · Feb 21, 201810-year Treasury: 2.92% · Feb 22, 201810-year Treasury: 2.88% · Feb 23, 201810-year Treasury: 2.86% · Feb 26, 201810-year Treasury: 2.90% · Feb 27, 201810-year Treasury: 2.87% · Feb 28, 201810-year Treasury: 2.81% · Mar 1, 201810-year Treasury: 2.86% · Mar 2, 201810-year Treasury: 2.88% · Mar 5, 201810-year Treasury: 2.88% · Mar 6, 201810-year Treasury: 2.89% · Mar 7, 201810-year Treasury: 2.86% · Mar 8, 2018Sep 8, 2017Dec 8, 2017Mar 8, 2018
30-year fixed mortgage26 observations10-year Treasury124 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$1,421.89/month

3.94% · Dec 7, 2017

At the later reference$1,423.61/month

3.95% · Jan 4, 2018

The illustrative principal-and-interest payment is $1.72 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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