U.S. November 2025 Jobs Report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The U.S. job market was steady in November 2025 after disruptions caused by the federal government shutdown earlier in the fall. Employers added 64,000 jobs, and the unemployment rate stayed at 4.6 percent. Wages continued to grow at a moderate pace, with average hourly earnings up 3.5 percent over the past year, even though hiring was not strong. The government shutdown from October 1 to November 12 affected how employment data was collected, so there was no October jobs report. Because of this, most comparisons in the report are between November and September.



Unemployment remained at about 7.8 million people, with long term unemployment unchanged at 1.9 million. Teen unemployment increased to 16.3 percent, while unemployment rates for most other groups stayed about the same. The share of people working or looking for work remained steady at 62.5 percent. Job growth was mainly seen in health care, construction, and social assistance. Health care added 46,000 jobs, construction added 28,000, and social assistance added 18,000. Transportation and warehousing lost 18,000 jobs, and federal government employment continued to fall due to the shutdown.
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