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Private sector adds 140,000 jobs

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(Read caption) 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.

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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.

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