The U.S. Labor Department report out this morning said the unemployment rate declined to 7.0% from October’s 7.3%, even as more workers joined the labor force and the total employed population rose, in part reflecting the return to work of furloughed federal employees.
Temp staffing was one of the strong growth areas, adding 16,400 jobs, after a slower October, when 9,100 temp jobs were added. Over the last year, temp and contract labor agencies have added 219,000 new jobs.
“This is just a clean sweep,” said Stuart Hoffman, chief economist for PNC Financial Services Group. “It’s a very good report. It’s across the board.”