Economic News Release: Employment Situation Summary
According to the Bureau of Labor Statistics, the unemployment rate of 3.7% remained unchanged in the month of October. Hurricane Michael had made “no discernible effect on the national employment and unemployment estimates.” The unemployment rates showed little or no change for the major work groups: adult men (3.5%), adult women (3.4%), teenagers (11.9%), Whites (3.3%), Blacks (6.2%), Asians (3.2%), and Hispanics (4.4%). However, job gains did occur in manufacturing, construction, transportation, warehousing, and health care.
The average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $27.50 for the month of October and it rose by 83 cents for the past year. In October, the average workweek for all employees on private nonfarm payrolls went up by 0.1 hour to 34.5 hours.
There were 36,000 added Health Care jobs including 13,000 in hospitals and 8,000 in nursing and residential care facilities. In ambulatory health care services went up by 14,000. The employment grew by 323,000 over the past twelve months.
Over the past three months, job gains have averaged 218,000.
HSS Social Media Specialist