{"id":69572,"date":"2018-11-02T09:15:08","date_gmt":"2018-11-02T16:15:08","guid":{"rendered":"http:\/\/69.46.6.243\/?p=69572"},"modified":"2018-11-02T09:15:08","modified_gmt":"2018-11-02T16:15:08","slug":"economy-roars-on-with-250000-jobs-added-in-october-health-care-manufacturing-construction-lead-the-way","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=69572","title":{"rendered":"Economy Roars On with 250,000 Jobs Added in October. Health Care, Manufacturing & Construction Lead the Way!"},"content":{"rendered":"

Washington, DC…Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.<\/p>\n

\"\"<\/p>\n

__________________________________________________________________________________
\n | |
\n | Hurricane Michael |
\n | |
\n | Hurricane Michael made landfall in the Florida Panhandle on October 10, 2018, |
\n | during the reference periods for both the establishment and household surveys. |
\n | Hurricane Michael had no discernible effect on the national employment and |
\n | unemployment estimates for October, and response rates for the two surveys were |
\n | within normal ranges. For information on how severe weather can affect employment|
\n | and hours data, see Question 8 in the Frequently Asked Questions section of this |
\n | news release. |
\n | |
\n | BLS will release the state estimates of employment and unemployment on |
\n | November 16, 2018, at 10:00 a.m. (EST). |
\n |__________________________________________________________________________________|<\/p>\n

Household Survey Data<\/p>\n

The unemployment rate remained at 3.7 percent in October, and the number of unemployed
\npersons was little changed at 6.1 million. Over the year, the unemployment rate and
\nthe number of unemployed persons declined by 0.4 percentage point and 449,000,
\nrespectively. (See table A-1.)<\/p>\n

Among the major worker groups, the unemployment rates for adult men (3.5 percent),
\nadult women (3.4 percent), teenagers (11.9 percent), Whites (3.3 percent), Blacks
\n(6.2 percent), Asians (3.2 percent), and Hispanics (4.4 percent) showed little or no
\nchange in October. (See tables A-1, A-2, and A-3.)<\/p>\n

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially
\nunchanged at 1.4 million in October and accounted for 22.5 percent of the unemployed.
\n(See table A-12.)<\/p>\n

The labor force participation rate increased by 0.2 percentage point to 62.9 percent in
\nOctober but has shown little change over the year. The employment-population ratio
\nedged up by 0.2 percentage point to 60.6 percent in October and has increased by 0.4
\npercentage point over the year. (See table A-1.)<\/p>\n

The number of persons employed part time for economic reasons (sometimes referred to as
\ninvoluntary part-time workers) was essentially unchanged at 4.6 million in October.
\nThese individuals, who would have preferred full-time employment, were working part
\ntime because their hours had been reduced or they were unable to find full-time jobs.
\n(See table A-8.)<\/p>\n

In October, 1.5 million persons were marginally attached to the labor force, little
\nchanged from a year earlier. (Data are not seasonally adjusted.) These individuals were
\nnot in the labor force, wanted and were available for work, and had looked for a job
\nsometime in the prior 12 months. They were not counted as unemployed because they had
\nnot searched for work in the 4 weeks preceding the survey. (See table A-16.)<\/p>\n

Among the marginally attached, there were 506,000 discouraged workers in October, about
\nunchanged from a year earlier. (Data are not seasonally adjusted.) Discouraged workers
\nare persons not currently looking for work because they believe no jobs are available
\nfor them. The remaining 984,000 persons marginally attached to the labor force in
\nOctober had not searched for work for reasons such as school attendance or family
\nresponsibilities. (See table A-16.)<\/p>\n

Establishment Survey Data<\/p>\n

Total nonfarm payroll employment increased by 250,000 in October, following an average
\nmonthly gain of 211,000 over the prior 12 months. In October, job growth occurred in
\nhealth care, in manufacturing, in construction, and in transportation and warehousing.
\n(See table B-1.)<\/p>\n

Health care added 36,000 jobs in October. Within the industry, employment growth
\noccurred in hospitals (+13,000) and in nursing and residential care facilities
\n(+8,000). Employment in ambulatory health care services continued to trend up
\n(+14,000). Over the past 12 months, health care employment grew by 323,000.<\/p>\n

In October, employment in manufacturing increased by 32,000. Most of the increase
\noccurred in durable goods manufacturing, with a gain in transportation equipment
\n(+10,000). Manufacturing has added 296,000 jobs over the year, largely in durable
\ngoods industries.<\/p>\n

Construction employment rose by 30,000 in October, with nearly half of the gain
\noccurring among residential specialty trade contractors (+14,000). Over the year,
\nconstruction has added 330,000 jobs.<\/p>\n

Transportation and warehousing added 25,000 jobs in October. Within the industry,
\nemployment growth occurred in couriers and messengers (+8,000) and in warehousing
\nand storage (+8,000). Over the year, employment in transportation and warehousing
\nhas increased by 184,000.<\/p>\n

Employment in leisure and hospitality edged up in October (+42,000). Employment was
\nunchanged in September, likely reflecting the impact of Hurricane Florence. The
\naverage gain for the 2 months combined (+21,000) was the same as the average monthly
\ngain in the industry for the 12-month period prior to September.<\/p>\n

In October, employment in professional and business services continued to trend up
\n(+35,000). Over the year, the industry has added 516,000 jobs.<\/p>\n

Employment in mining also continued to trend up over the month (+5,000). The industry
\nhas added 65,000 jobs over the year, with most of the gain in support activities for
\nmining.<\/p>\n

Employment in other major industries–including wholesale trade, retail trade,
\ninformation, financial activities, and government–showed little change over the
\nmonth.<\/p>\n

The average workweek for all employees on private nonfarm payrolls increased by 0.1
\nhour to 34.5 hours in October. In manufacturing, the workweek edged down by 0.1 hour
\nto 40.8 hours, and overtime was unchanged at 3.5 hours. The average workweek for
\nproduction and nonsupervisory employees on private nonfarm payrolls, at 33.7 hours,
\nwas unchanged over the month. (See tables B-2 and B-7.)<\/p>\n

In October, average hourly earnings for all employees on private nonfarm payrolls
\nrose by 5 cents to $27.30. Over the year, average hourly earnings have increased by
\n83 cents, or 3.1 percent. Average hourly earnings of private-sector production and
\nnonsupervisory employees increased by 7 cents to $22.89 in October. (See tables B-3
\nand B-8.)<\/p>\n

The change in total nonfarm payroll employment for September was revised down from
\n+134,000 to +118,000, and the change for August was revised up from +270,000 to
\n+286,000. The downward revision in September offset the upward revision in August.
\n(Monthly revisions result from additional reports received from businesses and
\ngovernment agencies since the last published estimates and from the recalculation
\nof seasonal factors.) After revisions, job gains have averaged 218,000 over the
\npast 3 months.<\/p>\n

_____________
\nThe Employment Situation for November is scheduled to be released on Friday,
\nDecember 7, 2018, at 8:30 a.m. (EST).<\/p>\n