Private sector adds 140,000 jobs

In November, net nonfarm payrolls increased, adding 140,000 jobs, and the unemployment rate declined to 8.6 percent

This chart shows the monthly and annual change in private nonfarm payrolls over the past decade. The private sector added 140,000 new jobs in November. (SoldAtTheTop)

Today’s Employment Situation Report indicated that in November, net nonfarm payrolls increased with private nonfarm payrolls adding 140,000 jobs and the unemployment rate declining to 8.6% over the same period.

Net private sector jobs increased 0.13% since last month climbing 1.74% above the level seen a year ago but but remained a whopping 5.09% below the peak level of employment seen in December 2007.