| Payroll Net Change - MoM sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 323 | 111 | 102 | 120 | 158 | 19 | −13 | 72 | −26 | 108 | −105 | 64 |
| Total private | 287 | 79 | 107 | 114 | 133 | 69 | −27 | 56 | 10 | 104 | 52 | 69 |
| Goods-producing | 4 | −11 | 24 | 5 | 2 | −13 | −21 | −16 | −33 | 17 | −9 | 19 |
| Construction | 15 | −3 | 12 | 5 | 0 | 2 | −2 | −3 | −20 | 25 | −1 | 28 |
| Mining and logging | −1 | −3 | 4 | −1 | 2 | −4 | −2 | −4 | −2 | −3 | 1 | −4 |
| Manufacturing | −10 | −5 | 8 | 1 | 0 | −11 | −17 | −9 | −11 | −5 | −9 | −5 |
| Durable goods | −15 | −7 | 6 | −2 | 3 | −8 | −15 | 3 | −18 | −5 | −7 | −4 |
| Nondurable goods | 5 | 2 | 2 | 3 | −3 | −3 | −2 | −12 | 7 | 0 | −2 | −1 |
| Service-providing | 283 | 90 | 83 | 109 | 131 | 82 | −6 | 72 | 43 | 87 | 61 | 50 |
| Trade, transportation and utilities | 81 | 54 | 22 | −8 | −2 | −11 | −13 | −4 | 2 | −1 | −1 | −12 |
| Wholesale trade | 13 | −4 | 7 | −5 | 1 | 2 | −12 | −4 | −6 | 9 | 2 | −2 |
| Retail trade | 34 | 36 | −4 | 16 | 5 | −15 | −5 | 6 | 5 | 23 | −2 | 6 |
| Transportation | 34 | 21 | 18 | −21 | −8 | 0 | 4 | −5 | 3 | −33 | 0 | −18 |
| Utilities | −1 | 1 | 1 | 2 | −1 | 3 | 0 | 0 | −1 | 0 | 0 | 1 |
| Information | 17 | −4 | 0 | −2 | 1 | 2 | −3 | −6 | −5 | −3 | −5 | −4 |
| Financial activities | 12 | 14 | 15 | 3 | 5 | 7 | −6 | 1 | −15 | 6 | −3 | −2 |
| Finance and insurance | 6 | 9 | 6 | 5 | −2 | 6 | −4 | 7 | −11 | 5 | 1 | −6 |
| Real estate | 6 | 6 | 9 | −2 | 7 | 2 | −2 | −6 | −4 | 1 | −4 | 4 |
| Professional services | 36 | −35 | 15 | −11 | 27 | −23 | −24 | −13 | −13 | −8 | −7 | 12 |
| Education and health services | 83 | 62 | 65 | 65 | 85 | 70 | 51 | 80 | 34 | 56 | 59 | 65 |
| Leisure and hospitality | 47 | −14 | −34 | 45 | 18 | 27 | −5 | 9 | 23 | 42 | 16 | −12 |
| Entertainment and recreation | 3 | 15 | 3 | 8 | 2 | 11 | 7 | 0 | 6 | 6 | −23 | −14 |
| Accommodation and food | 44 | −29 | −37 | 37 | 16 | 16 | −11 | 9 | 17 | 36 | 39 | 2 |
| Other services | 7 | 13 | 0 | 17 | −3 | 10 | −6 | 5 | 17 | −5 | 2 | 3 |
| Government | 36 | 32 | −5 | 6 | 25 | −50 | 14 | 16 | −36 | 4 | −157 | −5 |
| Private ex education and health | 204 | 17 | 42 | 49 | 48 | −1 | −78 | −24 | −24 | 48 | −7 | 4 |
| Total diffusion | 82.3 | 58.8 | 70.6 | 58.8 | 64.7 | 58.8 | 29.4 | 47.1 | 41.2 | 52.9 | 41.2 | 47.1 |
| Private diffusion | 81.2 | 56.2 | 75.0 | 56.2 | 62.5 | 62.5 | 25.0 | 43.8 | 43.8 | 50.0 | 43.8 | 50.0 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Payroll Net Change - MM3M sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 209 | 232 | 179 | 111 | 127 | 99 | 55 | 26 | 11 | 51 | −8 | 22 |
| Total private | 177 | 203 | 158 | 100 | 118 | 105 | 58 | 33 | 13 | 57 | 55 | 75 |
| Goods-producing | −6 | 7 | 6 | 6 | 10 | −2 | −11 | −17 | −23 | −11 | −8 | 9 |
| Construction | 7 | 6 | 8 | 5 | 6 | 2 | 0 | −1 | −8 | 1 | 1 | 17 |
| Mining and logging | 0 | −1 | 0 | 0 | 2 | −1 | −1 | −3 | −3 | −3 | −1 | −2 |
| Manufacturing | −13 | 2 | −2 | 1 | 3 | −3 | −9 | −12 | −12 | −8 | −8 | −6 |
| Durable goods | −11 | 2 | −5 | −1 | 2 | −2 | −7 | −7 | −10 | −7 | −10 | −5 |
| Nondurable goods | −2 | 0 | 3 | 2 | 1 | −1 | −3 | −6 | −2 | −2 | 2 | −1 |
| Service-providing | 183 | 196 | 152 | 94 | 108 | 107 | 69 | 49 | 36 | 67 | 64 | 66 |
| Trade, transportation and utilities | 30 | 51 | 52 | 23 | 4 | −7 | −9 | −9 | −5 | −1 | 0 | −5 |
| Wholesale trade | 8 | 5 | 5 | −1 | 1 | −1 | −3 | −5 | −8 | −1 | 2 | 3 |
| Retail trade | 5 | 19 | 22 | 16 | 6 | 2 | −5 | −5 | 2 | 12 | 9 | 9 |
| Transportation | 18 | 28 | 25 | 6 | −3 | −10 | −1 | −1 | 1 | −12 | −10 | −17 |
| Utilities | −1 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Information | 5 | 6 | 4 | −2 | 0 | 0 | 0 | −2 | −5 | −5 | −4 | −4 |
| Financial activities | 10 | 14 | 14 | 11 | 8 | 5 | 2 | 1 | −7 | −3 | −4 | 0 |
| Finance and insurance | 6 | 9 | 7 | 6 | 3 | 3 | 0 | 3 | −2 | 0 | −2 | 0 |
| Real estate | 5 | 5 | 7 | 4 | 5 | 2 | 2 | −2 | −4 | −3 | −2 | 0 |
| Professional services | 13 | 13 | 5 | −10 | 10 | −2 | −7 | −20 | −17 | −11 | −9 | −1 |
| Education and health services | 81 | 73 | 70 | 64 | 72 | 73 | 69 | 67 | 55 | 57 | 50 | 60 |
| Leisure and hospitality | 37 | 29 | 0 | −1 | 10 | 30 | 13 | 10 | 9 | 25 | 27 | 15 |
| Entertainment and recreation | 11 | 16 | 7 | 9 | 4 | 7 | 6 | 6 | 4 | 4 | −4 | −10 |
| Accommodation and food | 26 | 13 | −7 | −10 | 5 | 23 | 7 | 5 | 5 | 21 | 31 | 26 |
| Other services | 7 | 11 | 7 | 10 | 5 | 8 | 0 | 3 | 5 | 6 | 5 | 0 |
| Government | 33 | 28 | 21 | 11 | 9 | −6 | −4 | −7 | −2 | −5 | −63 | −53 |
| Private ex education and health | 96 | 131 | 88 | 36 | 46 | 32 | −10 | −34 | −42 | 0 | 6 | 15 |
| Total diffusion | 76.5 | 88.2 | 82.3 | 64.7 | 88.2 | 58.8 | 41.2 | 35.3 | 35.3 | 41.2 | 41.2 | 41.2 |
| Private diffusion | 75.0 | 87.5 | 81.2 | 62.5 | 87.5 | 62.5 | 43.8 | 37.5 | 37.5 | 43.8 | 43.8 | 43.8 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Payroll Net Change - YoY sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total nonfarm | 2,012 | 2,004 | 1,884 | 1,758 | 1,798 | 1,624 | 1,524 | 1,508 | 1,411 | 1,279 | 1,130 | 933 |
| Total private | 1,559 | 1,565 | 1,521 | 1,466 | 1,470 | 1,379 | 1,286 | 1,302 | 1,279 | 1,175 | 1,228 | 1,053 |
| Goods-producing | 72 | 51 | 64 | 46 | 43 | 19 | −6 | −34 | −49 | −64 | −23 | −32 |
| Construction | 190 | 173 | 162 | 133 | 130 | 117 | 100 | 86 | 43 | 38 | 36 | 58 |
| Mining and logging | −13 | −11 | −8 | −13 | −4 | −2 | −3 | −7 | −8 | −13 | −11 | −17 |
| Manufacturing | −105 | −111 | −90 | −74 | −83 | −96 | −103 | −113 | −84 | −89 | −48 | −73 |
| Durable goods | −113 | −110 | −95 | −87 | −87 | −95 | −96 | −93 | −71 | −77 | −38 | −69 |
| Nondurable goods | 8 | −1 | 5 | 13 | 4 | −1 | −7 | −20 | −13 | −12 | −10 | −4 |
| Service-providing | 1,487 | 1,514 | 1,457 | 1,420 | 1,427 | 1,360 | 1,292 | 1,336 | 1,328 | 1,239 | 1,251 | 1,085 |
| Trade, transportation and utilities | 179 | 268 | 253 | 210 | 183 | 153 | 149 | 152 | 161 | 129 | 138 | 107 |
| Wholesale trade | 41 | 46 | 60 | 46 | 40 | 48 | 32 | 20 | 10 | 11 | 8 | 0 |
| Retail trade | −6 | 52 | 39 | 40 | 45 | 17 | 33 | 54 | 72 | 82 | 86 | 106 |
| Transportation | 136 | 161 | 149 | 116 | 91 | 81 | 77 | 71 | 73 | 32 | 41 | −4 |
| Utilities | 8 | 8 | 6 | 8 | 7 | 7 | 7 | 7 | 6 | 3 | 4 | 5 |
| Information | −18 | −26 | −23 | −21 | −13 | −12 | −15 | −4 | −2 | −5 | −3 | −12 |
| Financial activities | 30 | 55 | 80 | 86 | 91 | 91 | 77 | 81 | 60 | 61 | 55 | 37 |
| Finance and insurance | 18 | 34 | 49 | 56 | 51 | 49 | 36 | 46 | 35 | 38 | 40 | 21 |
| Real estate | 11 | 21 | 31 | 30 | 40 | 42 | 41 | 35 | 25 | 24 | 14 | 16 |
| Professional services | −50 | −88 | −67 | −54 | −35 | −69 | −76 | −73 | −54 | −46 | −19 | −44 |
| Education and health services | 999 | 962 | 931 | 909 | 900 | 891 | 865 | 884 | 853 | 811 | 783 | 775 |
| Leisure and hospitality | 251 | 245 | 196 | 204 | 226 | 230 | 233 | 233 | 230 | 221 | 228 | 162 |
| Entertainment and recreation | 93 | 90 | 94 | 79 | 88 | 78 | 79 | 83 | 84 | 89 | 67 | 23 |
| Accommodation and food | 158 | 155 | 102 | 125 | 138 | 152 | 154 | 150 | 146 | 133 | 161 | 139 |
| Other services | 96 | 98 | 87 | 86 | 75 | 76 | 59 | 63 | 80 | 68 | 69 | 60 |
| Government | 453 | 439 | 363 | 292 | 328 | 245 | 238 | 206 | 132 | 104 | −98 | −120 |
| Private ex education and health | 560 | 603 | 590 | 557 | 570 | 488 | 421 | 418 | 426 | 364 | 445 | 278 |
| Total diffusion | 70.6 | 70.6 | 76.5 | 76.5 | 76.5 | 70.6 | 70.6 | 70.6 | 70.6 | 70.6 | 64.7 | 58.8 |
| Private diffusion | 68.8 | 68.8 | 75.0 | 75.0 | 75.0 | 68.8 | 68.8 | 68.8 | 68.8 | 68.8 | 68.8 | 62.5 |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - MoM sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 0.20 | 0.42 | 0.20 | 0.33 | 0.17 | 0.42 | 0.22 | 0.33 | 0.41 | 0.19 | 0.44 | 0.14 |
| Goods-producing | 0.28 | 0.47 | 0.27 | 0.60 | −0.03 | 0.41 | 0.30 | 0.35 | 0.38 | 0.21 | 0.45 | 0.21 |
| Construction | −0.65 | 0.52 | 0.03 | 0.49 | 0.28 | 0.39 | 0.87 | 0.41 | 0.58 | −0.68 | 0.18 | NA |
| Mining and logging | −0.27 | 0.65 | −0.07 | 0.05 | −0.22 | 0.37 | 0.10 | 0.22 | 0.37 | −0.44 | 0.79 | −0.79 |
| Manufacturing | 0.16 | −0.07 | −0.03 | 0.13 | 0.16 | 0.23 | −0.36 | 0.00 | −0.13 | −0.66 | 0.43 | NA |
| Durable goods | 0.81 | −0.55 | 1.25 | −0.22 | 0.07 | 0.84 | −0.40 | 0.07 | 1.23 | −0.68 | 0.76 | NA |
| Nondurable goods | 0.85 | 0.69 | 2.42 | 0.85 | −0.09 | 0.60 | 0.60 | 0.95 | 0.00 | 0.71 | 0.91 | NA |
| Service-providing | 0.17 | 0.39 | 0.20 | 0.28 | 0.20 | 0.45 | 0.19 | 0.33 | 0.44 | 0.16 | 0.41 | 0.14 |
| Trade, transportation and utilities | 0.20 | −0.38 | 0.20 | 0.27 | 0.70 | 0.76 | 0.75 | 0.97 | 1.09 | −0.54 | −0.41 | NA |
| Wholesale trade | −0.44 | 1.02 | 1.34 | 0.92 | −0.43 | 0.27 | 0.29 | −0.61 | 0.21 | 1.21 | −0.50 | NA |
| Retail trade | −0.31 | −0.04 | 0.09 | 0.27 | 0.53 | −0.09 | 0.49 | 0.53 | 0.09 | 0.52 | 0.39 | NA |
| Transportation | −0.15 | −1.52 | 2.24 | 0.79 | 0.19 | 1.95 | 1.14 | 1.56 | −1.18 | 0.14 | −1.23 | NA |
| Utilities | −0.07 | 0.52 | 0.33 | 0.50 | 0.44 | −0.20 | −0.24 | 0.20 | −0.03 | −0.32 | 0.31 | NA |
| Information | 0.53 | −0.48 | −0.38 | −0.28 | −0.30 | −0.25 | 2.32 | 0.20 | −2.73 | 0.69 | 3.58 | NA |
| Financial activities | 0.74 | 0.74 | 0.12 | 0.61 | 0.28 | 0.20 | 0.20 | 0.68 | 0.02 | 0.34 | −0.08 | NA |
| Professional services | 0.43 | −0.13 | 0.31 | 0.90 | −0.21 | 0.54 | 0.19 | 0.11 | 0.73 | 1.40 | −0.13 | NA |
| Education and health services | 0.08 | 0.71 | −0.43 | 0.28 | −0.15 | 0.33 | 0.18 | −0.43 | 0.78 | −0.15 | 0.60 | NA |
| Leisure and hospitality | 0.03 | 0.87 | 0.00 | 0.23 | 0.36 | 0.56 | 0.46 | −0.59 | 0.36 | 0.10 | 0.07 | NA |
| Other services | 0.25 | 0.33 | 0.12 | 0.49 | 0.61 | −0.04 | 0.65 | 0.28 | 0.24 | 0.88 | 0.80 | NA |
| Private ex education and health | −1.08 | 3.53 | −6.30 | −0.28 | −3.37 | −0.58 | −0.29 | −8.50 | 5.13 | −3.96 | 2.54 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - MM3M sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 0.33 | 0.33 | 0.27 | 0.32 | 0.23 | 0.31 | 0.27 | 0.32 | 0.32 | 0.31 | 0.35 | 0.25 |
| Goods-producing | 0.28 | 0.34 | 0.34 | 0.45 | 0.28 | 0.33 | 0.23 | 0.35 | 0.34 | 0.31 | 0.35 | 0.29 |
| Construction | 0.02 | 0.25 | −0.03 | 0.35 | 0.27 | 0.39 | 0.51 | 0.55 | 0.62 | 0.10 | 0.03 | NA |
| Mining and logging | 0.03 | 0.18 | 0.10 | 0.21 | −0.08 | 0.07 | 0.08 | 0.23 | 0.23 | 0.05 | 0.24 | −0.15 |
| Manufacturing | 0.46 | 0.19 | 0.02 | 0.01 | 0.09 | 0.17 | 0.01 | −0.04 | −0.16 | −0.26 | −0.12 | NA |
| Durable goods | 0.49 | 0.18 | 0.50 | 0.16 | 0.36 | 0.23 | 0.17 | 0.17 | 0.30 | 0.20 | 0.43 | NA |
| Nondurable goods | 0.62 | 0.62 | 1.33 | 1.32 | 1.05 | 0.45 | 0.37 | 0.72 | 0.52 | 0.55 | 0.54 | NA |
| Service-providing | 0.33 | 0.32 | 0.25 | 0.29 | 0.22 | 0.31 | 0.28 | 0.32 | 0.32 | 0.31 | 0.34 | 0.24 |
| Trade, transportation and utilities | 0.23 | −0.01 | 0.01 | 0.03 | 0.39 | 0.57 | 0.73 | 0.83 | 0.94 | 0.50 | 0.04 | NA |
| Wholesale trade | 0.67 | 0.73 | 0.64 | 1.09 | 0.60 | 0.25 | 0.04 | −0.02 | −0.04 | 0.27 | 0.30 | NA |
| Retail trade | 0.27 | 0.24 | −0.09 | 0.10 | 0.30 | 0.24 | 0.31 | 0.31 | 0.37 | 0.38 | 0.33 | NA |
| Transportation | 0.32 | −0.34 | 0.18 | 0.50 | 1.06 | 0.98 | 1.09 | 1.55 | 0.50 | 0.17 | −0.76 | NA |
| Utilities | 0.31 | −0.02 | 0.26 | 0.45 | 0.42 | 0.24 | 0.00 | −0.08 | −0.02 | −0.05 | −0.02 | NA |
| Information | 0.57 | 0.26 | −0.11 | −0.38 | −0.32 | −0.28 | 0.58 | 0.75 | −0.09 | −0.63 | 0.49 | NA |
| Financial activities | 0.71 | 0.70 | 0.53 | 0.49 | 0.34 | 0.36 | 0.23 | 0.36 | 0.30 | 0.35 | 0.09 | NA |
| Professional services | 0.58 | 0.41 | 0.20 | 0.36 | 0.33 | 0.41 | 0.17 | 0.28 | 0.35 | 0.75 | 0.66 | NA |
| Education and health services | 0.43 | 0.47 | 0.12 | 0.19 | −0.10 | 0.15 | 0.12 | 0.03 | 0.18 | 0.07 | 0.41 | NA |
| Leisure and hospitality | 0.06 | 0.36 | 0.30 | 0.37 | 0.20 | 0.39 | 0.46 | 0.14 | 0.08 | −0.04 | 0.17 | NA |
| Other services | 0.22 | 0.23 | 0.23 | 0.32 | 0.41 | 0.35 | 0.41 | 0.30 | 0.39 | 0.47 | 0.64 | NA |
| Private ex education and health | 1.38 | 1.82 | −1.34 | −1.08 | −3.38 | −1.42 | −1.44 | −3.12 | −1.41 | −2.65 | 1.15 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Average hourly earnings - YoY sa | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total private | 3.99 | 3.95 | 3.94 | 3.89 | 3.83 | 3.84 | 3.74 | 3.88 | 3.83 | 3.74 | 3.75 | 3.51 |
| Goods-producing | 4.18 | 4.16 | 4.27 | 4.30 | 4.01 | 4.08 | 3.89 | 3.97 | 4.04 | 3.85 | 4.04 | 3.97 |
| Construction | 5.96 | 5.58 | 4.61 | 4.56 | 3.87 | 3.86 | 3.60 | 3.97 | 4.14 | 2.97 | 3.34 | NA |
| Mining and logging | 2.70 | 2.52 | 1.77 | 2.08 | 1.06 | 1.62 | 1.38 | 1.81 | 1.99 | 1.13 | 1.73 | 0.75 |
| Manufacturing | 7.31 | 5.10 | 4.70 | 3.67 | 3.59 | 3.37 | 3.07 | 2.62 | 2.21 | 0.66 | 0.33 | NA |
| Durable goods | 3.48 | 3.77 | 4.16 | 3.46 | 4.24 | 4.24 | 3.52 | 3.02 | 4.09 | 3.11 | 3.51 | NA |
| Nondurable goods | 4.99 | 3.57 | 7.22 | 8.59 | 6.96 | 7.64 | 8.63 | 8.92 | 8.02 | 8.93 | 9.15 | NA |
| Service-providing | 3.92 | 3.87 | 3.87 | 3.79 | 3.76 | 3.80 | 3.70 | 3.84 | 3.82 | 3.70 | 3.68 | 3.41 |
| Trade, transportation and utilities | 1.09 | 0.02 | 0.72 | 1.23 | 1.47 | 2.51 | 3.61 | 3.91 | 5.18 | 4.59 | 3.81 | NA |
| Wholesale trade | 7.70 | 8.00 | 8.71 | 8.78 | 7.22 | 6.65 | 6.66 | 4.96 | 5.25 | 6.39 | 4.97 | NA |
| Retail trade | 2.00 | 1.49 | 0.72 | 0.76 | 1.07 | 0.76 | 1.07 | 2.19 | 2.19 | 3.23 | 3.59 | NA |
| Transportation | 4.95 | 2.58 | 4.92 | 5.83 | 5.53 | 5.91 | 7.95 | 5.62 | 3.87 | 6.38 | 4.59 | NA |
| Utilities | 4.75 | 5.43 | 5.89 | 5.78 | 5.70 | 4.77 | 4.04 | 3.06 | 3.08 | 2.14 | 0.93 | NA |
| Information | 2.78 | 2.13 | 1.93 | 1.62 | 0.66 | 0.62 | 2.95 | 2.91 | 0.28 | 0.41 | 3.55 | NA |
| Financial activities | 4.87 | 5.24 | 4.76 | 4.31 | 4.32 | 4.90 | 5.20 | 5.67 | 5.23 | 5.45 | 4.56 | NA |
| Professional services | 6.96 | 6.27 | 6.42 | 6.67 | 5.73 | 6.12 | 5.42 | 4.87 | 4.78 | 5.73 | 5.19 | NA |
| Education and health services | 4.74 | 4.81 | 3.43 | 3.42 | 3.24 | 3.69 | 3.49 | 2.81 | 2.97 | 2.42 | 2.43 | NA |
| Leisure and hospitality | 2.78 | 3.18 | 3.11 | 3.03 | 3.26 | 3.45 | 3.37 | 2.35 | 2.10 | 2.54 | 2.64 | NA |
| Other services | 1.38 | 3.40 | 2.83 | 2.56 | 3.31 | 3.27 | 4.12 | 3.71 | 3.75 | 4.32 | 4.84 | NA |
| Private ex education and health | 12.54 | 13.73 | −1.38 | −1.11 | −2.55 | 2.09 | 0.89 | −8.24 | −5.75 | −10.76 | −10.53 | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Over the month change | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | 243 | 2,197 | −385 | 232 | 544 | −625 | −130 | −38 | 436 | 470 | NA | NA |
| Employed | 478 | 2,234 | −588 | 201 | 461 | −696 | 93 | −260 | 288 | 251 | NA | NA |
| Unemployed | −235 | −37 | 203 | 31 | 83 | 71 | −222 | 221 | 148 | 219 | NA | NA |
| Not in labor force | −68 | 850 | 546 | −56 | −369 | 813 | 329 | 239 | −220 | −245 | NA | NA |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.6 | 62.4 | 62.5 | 62.6 | 62.4 | 62.3 | 62.2 | 62.3 | 62.4 | NA | 62.5 |
| Unemployment rate | 4.09 | 4.01 | 4.14 | 4.15 | 4.19 | 4.24 | 4.12 | 4.25 | 4.32 | 4.44 | NA | 4.56 |
| Reason for unemployment | ||||||||||||
| Reentrants | −151 | 93 | 84 | −32 | 59 | 53 | −143 | 35 | 107 | 38 | NA | NA |
| New entrants | −35 | 4 | 3 | 77 | −38 | 24 | −15 | 275 | −199 | 27 | NA | NA |
| Job leavers | 93 | −35 | 6 | −48 | −15 | −151 | 121 | −41 | 0 | 77 | NA | NA |
| Job losers on layoff | 75 | −27 | −18 | −6 | 56 | 7 | −14 | 80 | −54 | −53 | NA | NA |
| Completed temporary | −54 | 11 | 58 | −59 | −22 | −2 | −122 | 31 | 50 | 42 | NA | NA |
| Permanent job losers | −164 | 1 | 40 | 62 | 108 | −2 | −29 | 0 | 38 | 98 | NA | NA |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | −52 | 134 | 47 | 25 | −175 | 264 | −210 | 58 | 177 | −249 | NA | NA |
| 5-14 weeks | −103 | −108 | 12 | 40 | 180 | −218 | 190 | 179 | 104 | −116 | NA | NA |
| 15-26 weeks | −66 | −62 | 217 | −6 | 123 | −61 | −77 | −97 | 15 | 318 | NA | NA |
| 27 weeks and over | −29 | −46 | −130 | −25 | −19 | 52 | 24 | 104 | −120 | 243 | NA | NA |
| Full vs Part time | ||||||||||||
| Full time workers | 87 | 2,386 | −1,220 | 459 | 328 | −623 | 437 | −440 | −357 | 673 | NA | NA |
| Part time workers | 247 | −17 | 610 | −44 | 57 | 33 | −367 | 247 | 597 | −573 | NA | NA |
| Part time for economic reason | −88 | 117 | 483 | −182 | −95 | −74 | −176 | 187 | 123 | −191 | NA | NA |
| Part time for noneconomic reason | 121 | −215 | 104 | 157 | 185 | −142 | −31 | 184 | 463 | −500 | NA | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Household survey - Over the month change (MM3M) | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | −52 | 772 | 685 | 681 | 130 | 50 | −70 | −264 | 89 | 289 | NA | NA |
| Employed | −47 | 813 | 708 | 616 | 25 | −11 | −47 | −288 | 40 | 93 | NA | NA |
| Unemployed | −5 | −41 | −23 | 66 | 106 | 62 | −23 | 23 | 49 | 196 | NA | NA |
| Not in labor force | 238 | 360 | 443 | 447 | 40 | 129 | 258 | 460 | 116 | −75 | NA | NA |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.5 | 62.5 | 62.5 | 62.5 | 62.5 | 62.4 | 62.3 | 62.3 | 62.3 | NA | NA |
| Unemployment rate | 4.15 | 4.11 | 4.08 | 4.1 | 4.16 | 4.19 | 4.18 | 4.2 | 4.23 | 4.34 | NA | NA |
| Reason for unemployment | ||||||||||||
| Reentrants | −7 | −9 | 9 | 48 | 37 | 27 | −10 | −18 | 0 | 60 | NA | NA |
| New entrants | 0 | 17 | −9 | 28 | 14 | 21 | −10 | 95 | 20 | 34 | NA | NA |
| Job leavers | 43 | 37 | 21 | −26 | −19 | −71 | −15 | −24 | 27 | 12 | NA | NA |
| Job losers on layoff | −8 | 5 | 10 | −17 | 11 | 19 | 16 | 24 | 4 | −9 | NA | NA |
| Completed temporary | 8 | −9 | 5 | 3 | −8 | −28 | −49 | −31 | −14 | 41 | NA | NA |
| Permanent job losers | 6 | −38 | −41 | 34 | 70 | 56 | 26 | −10 | 3 | 45 | NA | NA |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | 6 | 60 | 43 | 69 | −34 | 38 | −40 | 37 | 8 | −5 | NA | NA |
| 5-14 weeks | −21 | −55 | −66 | −19 | 77 | 1 | 51 | 50 | 158 | 56 | NA | NA |
| 15-26 weeks | 3 | −49 | 30 | 50 | 111 | 19 | −5 | −78 | −53 | 79 | NA | NA |
| 27 weeks and over | 25 | −23 | −68 | −67 | −58 | 3 | 19 | 60 | 3 | 76 | NA | NA |
| Full vs Part time | ||||||||||||
| Full time workers | −39 | 808 | 418 | 542 | −144 | 55 | 47 | −209 | −120 | −41 | NA | NA |
| Part time workers | −70 | −7 | 280 | 183 | 208 | 15 | −92 | −29 | 159 | 90 | NA | NA |
| Part time for economic reason | −76 | −3 | 171 | 139 | 69 | −117 | −115 | −21 | 45 | 40 | NA | NA |
| Part time for noneconomic reason | −22 | −9 | 3 | 15 | 149 | 67 | 4 | 4 | 205 | 49 | NA | NA |
| Table: ARX Macro | Data: BLS | ||||||||||||
| Household survey - Over the year change | ||||||||||||
| Nov/25 | ||||||||||||
| Dec/24 | Jan/25 | Feb/25 | Mar/25 | Apr/25 | May/25 | Jun/25 | Jul/25 | Aug/25 | Sep/25 | Oct/25 | Nov/25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Level | ||||||||||||
| Labor force | 1,108 | 3,405 | 2,884 | 2,669 | 3,147 | 2,711 | 2,375 | 2,027 | 2,282 | 2,545 | NA | 3,267 |
| Employed | 537 | 2,705 | 2,294 | 2,083 | 2,474 | 2,109 | 2,211 | 1,887 | 1,969 | 1,843 | NA | 2,558 |
| Unemployed | 571 | 700 | 590 | 586 | 674 | 602 | 166 | 139 | 313 | 702 | NA | 710 |
| Not in labor force | 539 | 1,740 | 2,250 | 2,468 | 1,984 | 2,426 | 2,770 | 3,114 | 2,863 | 2,601 | NA | 1,902 |
| Rates | ||||||||||||
| Participation rate | 62.5 | 62.6 | 62.4 | 62.5 | 62.6 | 62.4 | 62.3 | 62.2 | 62.3 | 62.4 | NA | 62.5 |
| Unemployment rate | 4.09 | 4.01 | 4.14 | 4.15 | 4.19 | 4.24 | 4.12 | 4.25 | 4.32 | 4.44 | NA | 4.56 |
| Reason for unemployment | ||||||||||||
| Reentrants | 261 | 267 | 244 | 238 | 286 | 228 | 42 | 19 | 154 | 274 | NA | 436 |
| New entrants | 31 | 101 | 31 | 65 | 120 | 79 | 9 | 337 | 78 | 157 | NA | 75 |
| Job leavers | 118 | 119 | 206 | 47 | 70 | −16 | 71 | −71 | −61 | 42 | NA | 8 |
| Job losers on layoff | −47 | −27 | −7 | 27 | 7 | 38 | 43 | −169 | 21 | −52 | NA | 217 |
| Completed temporary | 79 | 95 | 91 | 85 | 55 | 48 | −173 | −168 | −140 | 10 | NA | −112 |
| Permanent job losers | 146 | 138 | 18 | 148 | 168 | 159 | 236 | 196 | 236 | 333 | NA | 60 |
| Duration of unemployment | ||||||||||||
| Less than 5 weeks | −48 | 147 | −2 | 156 | −86 | 142 | 111 | −49 | 11 | 88 | NA | 335 |
| 5-14 weeks | 278 | 171 | 242 | 241 | 422 | 109 | 114 | 283 | 385 | 200 | NA | 256 |
| 15-26 weeks | 203 | 83 | 210 | 169 | 279 | 286 | 23 | −128 | 20 | 380 | NA | 139 |
| 27 weeks and over | 135 | 284 | 61 | 26 | 108 | 75 | −3 | 89 | −106 | 157 | NA | −47 |
| Full vs Part time | ||||||||||||
| Full time workers | 434 | 2,695 | 1,655 | 2,146 | 1,646 | 1,544 | 2,068 | 1,189 | 1,148 | 1,526 | NA | 747 |
| Part time workers | 108 | 11 | 589 | −109 | 796 | 526 | 119 | 697 | 812 | 333 | NA | 1,815 |
| Part time for economic reason | 156 | 50 | 599 | 466 | 228 | 215 | 230 | 69 | −52 | −36 | NA | 1,032 |
| Part time for noneconomic reason | 74 | 120 | 75 | −295 | 491 | −15 | 277 | 698 | 689 | 138 | NA | 716 |
| Table: ARX Macro | Data: BLS | ||||||||||||