US Job Market Still Frozen, Except For Healthcare Who’s Throwing a Party

KEY POINTS

•The Bureau of Labor Statistics released the final 2025 jobs report late due to the historic government shutdown from October to mid-November.
•US economy added 64,000 jobs in November, driven mainly by healthcare and construction, but many industries like manufacturing saw cuts.
•Unemployment hit its highest rate since September 2021 and wage growth slowed to 3.5%, reflecting a softening job market where workers stay put.

After the longest government shutdown ever (Oct to mid-November) muddled the data and delayed the December 2025 jobs report, the Bureau of Labor Statistics dropped a lukewarm update that economists from ZipRecruiter and Indeed Hiring Lab promptly dubbed 'stagnant.' November saw a paltry 64,000 new jobs—only beating the expected 50,000 thanks to healthcare's unexpected growth spurt (+64K), while manufacturing continued its slow march to irrelevance. Wage increases cooled to just 3.5% YoY, unemployment hit its highest point since September 2021, and October’s data vanished like your last Netflix binge. Meanwhile, the federal workers who accepted pricey 'deferred resignations' finally vanished from October’s payroll, further skewing month-to-month numbers. Workers aren’t quitting (quit rate lowest since COVID-19 apocalypse in 2020), so employers hold the reins tight, offering low raises and hoping nobody notices mid-November’s job market masquerade.

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Mockingbird News

@MockingbirdNews · now

The economy added 64,000 jobs, mostly healthcare parties, while manufacturing cries in its coffee. Meanwhile, wages tiptoe up 3.5%, proving no one's winning this job market raffle.

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