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

Jobs · ORIGINAL ECONOMIC RELEASE

November 2019 Employment Situation

Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional…

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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Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

Both the unemployment rate, at 3.5 percent, and the number of unemployed persons, at 5.8 million, changed little in November. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.2 percent), adult women (3.2 percent), teenagers (12.0 percent), Whites (3.2 percent), Blacks (5.5 percent), Asians (2.6 percent), and Hispanics (4.2 percent) showed little or no change in November. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more), at 1.2 million, was essentially unchanged in November and accounted for 20.8 percent of the unemployed. (See table A-12.)

The labor force participation rate was little changed at 63.2 percent in November. The employment-population ratio was 61.0 percent for the third consecutive month. (See table A-1.)

The number of persons employed part time for economic reasons, at 4.3 million, changed little in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)

In November, 1.2 million persons were marginally attached to the labor force, down by 432,000 from a year earlier. (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 325,000 discouraged workers in November, down by 128,000 from a year earlier. (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 921,000 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 rose by 266,000 in November. Job growth has averaged 180,000 per month thus far in 2019, compared with an average monthly gain of 223,000 in 2018. In November, notable job gains occurred in health care and in professional and technical services. Employment also increased in manufacturing, reflecting the return of workers from a strike. Employment continued to trend up in leisure and hospitality, transportation and warehousing, and financial activities, while mining lost jobs. (See table B-1.)

In November, health care added 45,000 jobs, following little employment change in October (+12,000). The November job gains occurred in ambulatory health care services (+34,000) and in hospitals (+10,000). Health care has added 414,000 jobs over the last 12 months.

Employment in professional and technical services increased by 31,000 in November and by 278,000 over the last 12 months.

Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Within manufacturing, employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of workers who were on strike in October.

In November, employment in leisure and hospitality continued to trend up (+45,000). The industry has added 219,000 jobs over the last 4 months.

Employment in transportation and warehousing continued on an upward trend in November (+16,000). Within the industry, job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000).

Financial activities employment also continued to trend up in November (+13,000), with a gain of 7,000 in credit intermediation and related activities. Financial activities has added 116,000 jobs over the last 12 months.

Mining lost jobs in November (-7,000), largely in support activities for mining (-6,000). Mining employment is down by 19,000 since a recent peak in May.

In November, employment in retail trade was about unchanged (+2,000). Within the industry, employment rose in general merchandise stores (+22,000) and in motor vehicle and parts dealers (+8,000), while clothing and clothing accessories stores lost jobs (-18,000).

Employment in other major industries--including construction, wholesale trade, information, and government--showed little change over the month.

In November, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $28.29. Over the last 12 months, average hourly earnings have increased by 3.1 percent. In November, average hourly earnings of private-sector production and nonsupervisory employees rose by 7 cents to $23.83. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in November. In manufacturing, the average workweek increased by 0.1 hour to 40.5 hours, while overtime decreased by 0.1 hour to 3.1 hours. The average workweek of private- sector production and nonsupervisory employees held at 33.5 hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for September was revised up by 13,000 from +180,000 to +193,000, and the change for October was revised up by 28,000 from +128,000 to +156,000. With these revisions, employment gains in September and October combined were 41,000 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 205,000 over the last 3 months.

Source: U.S. Bureau of Labor Statistics · Original release Dec 6, 2019.

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 6, 2019Publication referenceDec 6, 201930 days laterJan 5, 2020
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.78%Observed 3.68%Observed −10 bps vs. earlier reference3.72%Observed +4 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.81%Observed 1.84%Observed +3 bps vs. earlier reference1.80%Observed −4 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 6, 2019 – Mar 6, 2020
Historical mortgage and Treasury observations around Dec 6, 2019Each 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.0.50%2.25%4.00%Publication date30-year fixed mortgage: 3.56% · Sep 12, 201930-year fixed mortgage: 3.73% · Sep 19, 201930-year fixed mortgage: 3.64% · Sep 26, 201930-year fixed mortgage: 3.65% · Oct 3, 201930-year fixed mortgage: 3.57% · Oct 10, 201930-year fixed mortgage: 3.69% · Oct 17, 201930-year fixed mortgage: 3.75% · Oct 24, 201930-year fixed mortgage: 3.78% · Oct 31, 201930-year fixed mortgage: 3.69% · Nov 7, 201930-year fixed mortgage: 3.75% · Nov 14, 201930-year fixed mortgage: 3.66% · Nov 21, 201930-year fixed mortgage: 3.68% · Nov 27, 201930-year fixed mortgage: 3.68% · Dec 5, 201930-year fixed mortgage: 3.73% · Dec 12, 201930-year fixed mortgage: 3.73% · Dec 19, 201930-year fixed mortgage: 3.74% · Dec 26, 201930-year fixed mortgage: 3.72% · Jan 2, 202030-year fixed mortgage: 3.64% · Jan 9, 202030-year fixed mortgage: 3.65% · Jan 16, 202030-year fixed mortgage: 3.60% · Jan 23, 202030-year fixed mortgage: 3.51% · Jan 30, 202030-year fixed mortgage: 3.45% · Feb 6, 202030-year fixed mortgage: 3.47% · Feb 13, 202030-year fixed mortgage: 3.49% · Feb 20, 202030-year fixed mortgage: 3.45% · Feb 27, 202030-year fixed mortgage: 3.29% · Mar 5, 202010-year Treasury: 1.55% · Sep 6, 201910-year Treasury: 1.63% · Sep 9, 201910-year Treasury: 1.72% · Sep 10, 201910-year Treasury: 1.75% · Sep 11, 201910-year Treasury: 1.79% · Sep 12, 201910-year Treasury: 1.90% · Sep 13, 201910-year Treasury: 1.84% · Sep 16, 201910-year Treasury: 1.81% · Sep 17, 201910-year Treasury: 1.80% · Sep 18, 201910-year Treasury: 1.79% · Sep 19, 201910-year Treasury: 1.74% · Sep 20, 201910-year Treasury: 1.72% · Sep 23, 201910-year Treasury: 1.64% · Sep 24, 201910-year Treasury: 1.73% · Sep 25, 201910-year Treasury: 1.70% · Sep 26, 201910-year Treasury: 1.69% · Sep 27, 201910-year Treasury: 1.68% · Sep 30, 201910-year Treasury: 1.65% · Oct 1, 201910-year Treasury: 1.60% · Oct 2, 201910-year Treasury: 1.54% · Oct 3, 201910-year Treasury: 1.52% · Oct 4, 201910-year Treasury: 1.56% · Oct 7, 201910-year Treasury: 1.54% · Oct 8, 201910-year Treasury: 1.59% · Oct 9, 201910-year Treasury: 1.67% · Oct 10, 201910-year Treasury: 1.76% · Oct 11, 201910-year Treasury: 1.77% · Oct 15, 201910-year Treasury: 1.75% · Oct 16, 201910-year Treasury: 1.76% · Oct 17, 201910-year Treasury: 1.76% · Oct 18, 201910-year Treasury: 1.80% · Oct 21, 201910-year Treasury: 1.78% · Oct 22, 201910-year Treasury: 1.77% · Oct 23, 201910-year Treasury: 1.77% · Oct 24, 201910-year Treasury: 1.80% · Oct 25, 201910-year Treasury: 1.85% · Oct 28, 201910-year Treasury: 1.84% · Oct 29, 201910-year Treasury: 1.78% · Oct 30, 201910-year Treasury: 1.69% · Oct 31, 201910-year Treasury: 1.73% · Nov 1, 201910-year Treasury: 1.79% · Nov 4, 201910-year Treasury: 1.86% · Nov 5, 201910-year Treasury: 1.81% · Nov 6, 201910-year Treasury: 1.92% · Nov 7, 201910-year Treasury: 1.94% · Nov 8, 201910-year Treasury: 1.92% · Nov 12, 201910-year Treasury: 1.88% · Nov 13, 201910-year Treasury: 1.82% · Nov 14, 201910-year Treasury: 1.84% · Nov 15, 201910-year Treasury: 1.81% · Nov 18, 201910-year Treasury: 1.79% · Nov 19, 201910-year Treasury: 1.73% · Nov 20, 201910-year Treasury: 1.77% · Nov 21, 201910-year Treasury: 1.77% · Nov 22, 201910-year Treasury: 1.76% · Nov 25, 201910-year Treasury: 1.74% · Nov 26, 201910-year Treasury: 1.77% · Nov 27, 201910-year Treasury: 1.78% · Nov 29, 201910-year Treasury: 1.83% · Dec 2, 201910-year Treasury: 1.72% · Dec 3, 201910-year Treasury: 1.77% · Dec 4, 201910-year Treasury: 1.80% · Dec 5, 201910-year Treasury: 1.84% · Dec 6, 201910-year Treasury: 1.83% · Dec 9, 201910-year Treasury: 1.85% · Dec 10, 201910-year Treasury: 1.79% · Dec 11, 201910-year Treasury: 1.90% · Dec 12, 201910-year Treasury: 1.82% · Dec 13, 201910-year Treasury: 1.89% · Dec 16, 201910-year Treasury: 1.89% · Dec 17, 201910-year Treasury: 1.92% · Dec 18, 201910-year Treasury: 1.92% · Dec 19, 201910-year Treasury: 1.92% · Dec 20, 201910-year Treasury: 1.93% · Dec 23, 201910-year Treasury: 1.90% · Dec 24, 201910-year Treasury: 1.90% · Dec 26, 201910-year Treasury: 1.88% · Dec 27, 201910-year Treasury: 1.90% · Dec 30, 201910-year Treasury: 1.92% · Dec 31, 201910-year Treasury: 1.88% · Jan 2, 202010-year Treasury: 1.80% · Jan 3, 202010-year Treasury: 1.81% · Jan 6, 202010-year Treasury: 1.83% · Jan 7, 202010-year Treasury: 1.87% · Jan 8, 202010-year Treasury: 1.85% · Jan 9, 202010-year Treasury: 1.83% · Jan 10, 202010-year Treasury: 1.85% · Jan 13, 202010-year Treasury: 1.82% · Jan 14, 202010-year Treasury: 1.79% · Jan 15, 202010-year Treasury: 1.81% · Jan 16, 202010-year Treasury: 1.84% · Jan 17, 202010-year Treasury: 1.78% · Jan 21, 202010-year Treasury: 1.77% · Jan 22, 202010-year Treasury: 1.74% · Jan 23, 202010-year Treasury: 1.70% · Jan 24, 202010-year Treasury: 1.61% · Jan 27, 202010-year Treasury: 1.65% · Jan 28, 202010-year Treasury: 1.60% · Jan 29, 202010-year Treasury: 1.57% · Jan 30, 202010-year Treasury: 1.51% · Jan 31, 202010-year Treasury: 1.54% · Feb 3, 202010-year Treasury: 1.61% · Feb 4, 202010-year Treasury: 1.66% · Feb 5, 202010-year Treasury: 1.65% · Feb 6, 202010-year Treasury: 1.59% · Feb 7, 202010-year Treasury: 1.56% · Feb 10, 202010-year Treasury: 1.59% · Feb 11, 202010-year Treasury: 1.62% · Feb 12, 202010-year Treasury: 1.61% · Feb 13, 202010-year Treasury: 1.59% · Feb 14, 202010-year Treasury: 1.55% · Feb 18, 202010-year Treasury: 1.56% · Feb 19, 202010-year Treasury: 1.52% · Feb 20, 202010-year Treasury: 1.46% · Feb 21, 202010-year Treasury: 1.38% · Feb 24, 202010-year Treasury: 1.33% · Feb 25, 202010-year Treasury: 1.33% · Feb 26, 202010-year Treasury: 1.30% · Feb 27, 202010-year Treasury: 1.13% · Feb 28, 202010-year Treasury: 1.10% · Mar 2, 202010-year Treasury: 1.02% · Mar 3, 202010-year Treasury: 1.02% · Mar 4, 202010-year Treasury: 0.92% · Mar 5, 202010-year Treasury: 0.74% · Mar 6, 2020Sep 6, 2019Dec 6, 2019Mar 6, 2020
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$1,377.46/month

3.68% · Dec 5, 2019

At the later reference$1,384.24/month

3.72% · Jan 2, 2020

The illustrative principal-and-interest payment is $6.79 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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