November 2020 Jobs Report: Unemployment Rate Edges Down to 6.7%

Employers added 245,000 jobs in November 2020, according to the latest jobs report from the Bureau of Labor Statistics (BLS). This marks the seventh consecutive month of job growth, though November's total was the lowest monthly gain since the recovery began in May.

The BLS also revised the figures for September and October, noting that those two months collectively saw 11,000 more positions added than previously reported.

The transportation and warehousing sector added the most jobs in November, with 145,000 positions. These sectors also reported job growth last month:

• Professional and business services: 60,000 jobs added
• Education and health services: 54,000 jobs added
• Leisure and hospitality: 31,000 jobs added
• Construction: 27,000 jobs added
• Manufacturing: 27,000 jobs added

Unemployment rate drops slightly to 6.7%

The national unemployment rate was 6.7% in November, down from 6.9% in October.

Last month's unemployment rate for college-degreed workers was unchanged from October, at 4.2%. These professionals are the most highly sought-after job candidates.

What employers need to know

Your team has been working hard these past several months, and there's a strong chance at least some of them are feeling overworked and losing steam.

Research by our company found that over a third of workers are more burned out today compared to a year ago. Of those respondents, 30% said a fuller plate was the top reason for rising levels of fatigue.

What can you do to support your team, especially now, when you're probably facing an end-of-year crunch? Hiring seasonal workers is one strategy. Many companies turn to skilled interim professionals for assistance during those times of year when workloads spike or staff members take vacation.

Temporary professionals can help ease the pressure on your core team while keeping critical projects moving forward. And through Robert Half, you can find skilled professionals to work remotely or on-site, depending on your needs.