The jobs market soared in November, with non-farm payrolls surging by 266,000 and the unemployment rate falling to 3.5 percent, according to Labor Department numbers released Friday.
“Continued concerns over trade uncertainty are leading to some uneven market conditions in the U.S., yet the overall labor market looks resilient heading into the new year,” Becky Frankiewicz, president of ManpowerGroup North America, said in Manpower’s national release.
Some 7 million jobs have been open for 11 straight months, meaning employers need to work harder to match people to the right roles, Frankiewicz said.
The national survey found that employers in all U.S. industry sectors expect to add workers in the coming quarter: Leisure and hospitality (a net employment outlook of 30 percent); construction (up 22 percent); professional and business services (+22 percent); wholesale and retail trade (+22 percent); transportation and utilities (+19 percent); government (+18 percent); durable goods manufacturing (+17 percent); and education and health services (up 16 percent).
The outlook in the Midwest is at 21 percent, a 19-year high, Manpower said. Year-over-year hiring intentions weakened in the West and Northeast yet remain flat compared to last quarter, the company said.