FXStreet (Mumbai) - The U.S. Bureau of Labor Statistics reported unemployment rate held steady at a 7-1/2-year low of 5 per cent in November. Total nonfarm payroll employment increased by 211,000 in November. Economists had estimated nonfarm payrolls to rise 200,000 in November and the unemployment rate to steady at 5.0 percent. Job gains occurred primarily in the construction, professional and technical services, and health care sectors. As expected there was job loss in the mining and information sector. Today’s data showed confidence in the jobs market has been restored. The jobless rate is seen as consistent with full employment. Robust labor market Employment in construction rose by 46,000 in November. The job growth in this sector was boosted by increased hiring in residential specialty trade contractors which added 26,000 jobs. Over the past year, construction employment has grown by 259,000. Employment in food services and drinking places continued showed an upward trend in November adding 32,000 jobs and has risen by 374,000 over the year. Retail trade employment also continued to trend up in November. This sector has added 31,000 jobs in November. Health care employment increased by 24,000 over the month, following a gain of 51,000 recorded in October. Sectors such as mining and information however saw some loss in jobs. manufacturing shed 1,000 positions. Manufacturing has been hurt by a strong dollar, efforts by businesses to reduce bloated inventory and also by spending cuts initiated by energy companies. Employment in mining continued to decline in November losing 11,000 jobs in November. Since a recent peak in December 2014, employment in mining has declined by 123,000. Information sector also lost 12,000 jobs over the month. The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, rose to 62.5 per cent. The number of unemployed persons stood at 7.9 million and was essentially unchanged from last month. Over the past 12 months, the unemployment rate and the number of unemployed persons are down by 0.8 per cent and 1.1 million, respectively. A broad measure of joblessness that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment rose one-tenth of a percentage point to 9.9 per cent. In November, average hourly earnings for all employees on private nonfarm payrolls increased by 4 cents to $25.25, following a 9-cent gain in October. Over the year, average hourly earnings increased by 2.3 per cent. December rate hike looks certain The jobs report puts to rest all fears that had probably had risen from reports that highlighted tepid consumer spending in October, contraction in the manufacturing sector and a slowdown in services industry. Fed Chair Janet Yellen struck an upbeat note on the economy yesterday noting how it had largely met the criteria that the Federal Reserve wanted the economy to meet before it raised interest rate that it had kept at record low since since June 2006. Yellen has stated that the economy is required to add just under 100,000 jobs a month to keep up with growth in the working age population. With the very significant determining factor, the nonfarm payroll number looking strong, the Fed rate hike in December is almost certain now. For more information, read our latest forex news.