The U.S. Department of Labor announced that unemployment held steady at 5.8% in November, with the economy adding 321,000 jobs for the month. This is well above the year's 224,000-jobs-per-month average.
Construction employment also continued to trend up in November (up 20,000). Employment in specialty trade contractors rose by 21,000, mostly in the residential component. Over the past 12 months, construction has added 213,000 jobs, with just over half the gain among specialty trade contractors.