Economy adds 128,000 jobs, but the unemployment rate climbs to 3.6 %
U.S. Employment Report
The U.S. economy in October generated fewer new jobs than in September,
The Labor Department announced nonfarm payrolls grew by 128,000 in October and the unemployment rate ticked higher to 3.6 %, from 3.5 %, on the seasonally adjusted basis.
Some economists say that recent slowdown in hiring, could lead to weaker consumer spending. It may undermine the confidence of business executives and slowdown hiring further.
Current report bucks otherwise positive trend in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.15 % to 158,51 millions, the biggest increases occurred in leisure and hospitality sectors up by 61,000 payrolls, the car manufacturers have lost -41,600 jobs.
At Oct. 2019 Total number of unemployed persons
grew to 5.86 millions, an increase of 86.00
thousands or 1.49 % from Sep. 2019, Unemployment rate
increased to 3.60 %, from 3.50% in previous month.
In October 128,000 nonfarm payrolls were created.
|
Labor force
|
|
Average hourly earnings grew modestly in October by 0.21 % to $28.18, an increase of $0.06 from $28.12 in September on the seasonally adjusted basis, hourly wages in the natural resources and mining posted the largest increase to $35.03, the utilities showed low overall growth to $41.62, reported by the Labor Department.
On a year-over-year basis, earnings were up 3.22 %, This is above the % year-over-year increase in the consumer price index in October.
The number of employed persons
increased to 158.51 millions by 241.00 thousands or 0.15 % in Oct. 2019.
Total Labor force
increased to 164.36 millions.
Average weekly earnings where $969.39 dollars, in Oct. 2019
|
Average Weekly Hours of Production
|
 |
Details of the October report just added to evidence of a sharp deterioration in labor conditions. The number of unemployed people have climbed to 5.86 million, an increase of 86,000 from 5.77 in September by 1.49 % on the seasonally adjusted basis.
The number of people entered the labor force in October matched the natural growth rate of U.S. poulation, lifting the percentage of civilians who have or want a job up to 63.30 % from 63.20 %.
Construction Industry
fell to 39.30 hours per week, from Sep. 2019; Manufacturing Industry
fell to 40.30 hours per week, Durable goods Industry
fell to 40.80 hours per week, Nondurable goods Industry
fell to 39.60 hours per week.
Average Weekly Hours of Production for private serviceproviding
industry
remained unchanged from Sep. 2019; Trade, transportation & utilities Industry
remained unchanged from Sep. 2019 .
Financial activities Industry Average Weekly Hours of Production
moved up to 37.60 hours per week, from Sep. 2019.
|
| |
Average workweek remained unchanged in October on the seasonally adjusted basis, as hours worked in professional and business services sectors rose the most to 36.20 hours, the biggest decline took place in construction sector down to 39.30 hours, reported by the U.S. Labor Department.
With modest growth in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $969.39 from $967.33 in the previous month.
Information Industry Average Weekly Hours of Production
fell to 36.40 hours per week, from Sep. 2019; Professional & business services Industry
increased to 36.20 hours per week, from Sep. 2019;
Education & health services Industry
remained unchanged from Sep. 2019; Leisure & hospitality Industry
remained unchanged from Sep. 2019; Other services Industry
remained unchanged from Sep. 2019.
|
Employment
Situation
( in millions or %) |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Unemployment rate |
|
3.6 % |
3.5 % |
3.7 % |
3.7 % |
3.7 % |
3.6 % |
| Number of unemployed persons |
|
5.855 |
5.769 |
6.044 |
6.063 |
5.975 |
5.888 |
| Number of Employed persons |
|
158.510 |
158.269 |
157.878 |
157.288 |
157.005 |
156.758 |
| Employment/population ratio |
|
61 % |
61 % |
60.9 % |
60.7 % |
60.6 % |
60.6 % |
| Civilian labor force |
|
164.364 |
164.039 |
163.922 |
163.351 |
162.981 |
162.646 |
| Participation rate |
|
63.3 % |
63.2 % |
63.2 % |
63 % |
62.9 % |
62.8 % |
| Civilian noninstitutional
population |
|
259.845 |
259.638 |
259.432 |
259.225 |
259.037 |
258.861 |
| Persons who currently want a job outside CLF |
|
4.753 |
4.880 |
5.150 |
5.043 |
5.322 |
5.045 |
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands) |
|
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Nonfarm Payrolls |
|
+128.0 |
+180.0 |
+130.0 |
+164.0 |
+193.0 |
+75.0 |
| Total Private Payrolls |
|
+131.0 |
+167.0 |
+96.0 |
+148.0 |
+179.0 |
+90.0 |
| Goods-producing Payrolls |
|
-26.0 |
+7.0 |
+12.0 |
+15.0 |
+29.0 |
+8.0 |
| Mining & logging |
|
- |
+1.0 |
-5.0 |
-5.0 |
-1.0 |
+1.0 |
| Construction |
|
+10.0 |
+11.0 |
+14.0 |
+4.0 |
+18.0 |
+4.0 |
| Manufacturing Payrolls |
|
+3.2 |
+3.2 |
+3.2 |
+3.2 |
+3.4 |
+3.4 |
| Durable goods |
|
-41.0 |
-6.0 |
- |
+12.0 |
+11.0 |
+4.0 |
| Motor vehicles and parts |
|
-41.6 |
-3.5 |
+0.1 |
+7.2 |
-0.1 |
+2.8 |
| Nondurable goods |
|
+5.0 |
+1.0 |
+3.0 |
+4.0 |
+1.0 |
-1.0 |
| Private service-providing Payrolls |
|
+157.0 |
+160.0 |
+84.0 |
+133.0 |
+150.0 |
+82.0 |
| Wholesale trade |
|
+10.8 |
+7.1 |
+2.9 |
+6.7 |
-1.3 |
+7.1 |
| Retail trade |
|
+6.1 |
+6.7 |
-11.1 |
-3.6 |
-6.7 |
-7.6 |
| Transportation and warehousing |
|
+9.9 |
+6.3 |
-0.5 |
+0.3 |
+20.5 |
-0.2 |
| Information |
|
-4.0 |
+4.0 |
- |
-10.0 |
+14.0 |
-5.0 |
| Financial activities |
|
+16.0 |
+8.0 |
+15.0 |
+18.0 |
+3.0 |
+2.0 |
| Professional and business services |
|
+22.0 |
+37.0 |
+37.0 |
+38.0 |
+38.0 |
+33.0 |
| Temporary help services |
|
-8.1 |
+20.1 |
+15.4 |
+2.2 |
-0.9 |
+5.1 |
| Education and health services |
|
+39.0 |
+49.0 |
+32.0 |
+66.0 |
+57.0 |
+27.0 |
| Health care and social assistance |
|
+34.2 |
+44.8 |
+36.8 |
+50.4 |
+44.8 |
+24.0 |
| Leisure and hospitality |
|
+61.0 |
+45.0 |
+12.0 |
+10.0 |
+7.0 |
+26.0 |
| Other services |
|
- |
- |
- |
- |
- |
- |
| Government Payrolls |
|
- |
- |
- |
- |
- |
- |
Civilian labor force
is the sum of employed and unemployed persons. |
|
|
Unemployment Rate
is the number unemployed as a percent of the labor force. |
|
|
Labor force participation rate
is the
labor force as a percent of the population. |
|
|
Employment-population ratio
is the employed as a percent of the population. |
| Average weekly Salary by Industry ($) |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total private |
|
969.39 |
967.33 |
966.98 |
959.71 |
959.76 |
957.35 |
| Goods producing |
|
1,177.06 |
1,183.01 |
1,176.85 |
1,166.60 |
1,170.39 |
1,164.27 |
| Natural resources &
mining |
|
1,625.39 |
1,601.05 |
1,576.98 |
1,581.78 |
1,567.05 |
1,551.51 |
| Construction |
|
1,216.34 |
1,227.43 |
1,215.10 |
1,202.33 |
1,207.30 |
1,199.59 |
| Manufacturing |
|
1,125.98 |
1,130.36 |
1,129.90 |
1,119.08 |
1,126.17 |
1,119.34 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
1,199.52 |
1,201.64 |
1,204.23 |
1,398.24 |
1,194.74 |
1,271.95 |
| Nondurable goods |
|
1,007.42 |
1,009.73 |
1,006.14 |
1,000.44 |
1,004.80 |
998.30 |
| Private serviceproviding |
|
926.94 |
924.95 |
927.74 |
920.97 |
917.98 |
918.41 |
| Trade, transportation
& utilities |
|
835.16 |
833.80 |
836.92 |
827.95 |
827.64 |
824.90 |
| Wholesale trade |
|
1,232.35 |
1,229.24 |
1,230.35 |
1,215.99 |
1,220.68 |
1,220.68 |
| Retail trade |
|
607.41 |
608.78 |
608.30 |
606.63 |
602.64 |
597.73 |
| Transportation & warehousing |
|
964.61 |
962.12 |
964.61 |
952.88 |
953.86 |
957.50 |
| Utilities |
|
1,752.20 |
1,761.04 |
1,778.26 |
1,745.55 |
1,780.25 |
1,761.46 |
| |
|
|
|
|
|
|
| Information |
|
1,537.17 |
1,535.92 |
1,538.03 |
1,528.84 |
1,519.70 |
1,515.33 |
| Financial activities |
|
1,362.25 |
1,353.38 |
1,369.26 |
1,357.74 |
1,354.73 |
1,350.59 |
| Professional & business
services |
|
1,230.80 |
1,223.07 |
1,228.39 |
1,214.04 |
1,213.79 |
1,213.15 |
| Education & health
services |
|
913.11 |
912.45 |
910.14 |
905.41 |
903.43 |
906.84 |
| Leisure & hospitality |
|
430.60 |
430.09 |
430.46 |
428.02 |
428.90 |
427.35 |
| Other services |
|
800.72 |
797.86 |
797.23 |
795.00 |
793.73 |
792.46 |
| Average weekly hours of production by Industry |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total private |
|
34.40 |
34.40 |
34.40 |
34.30 |
34.40 |
34.40 |
| Goods producing |
|
40.20 |
40.50 |
40.40 |
40.20 |
40.40 |
40.30 |
| Natural resources &
mining |
|
46.40 |
46.30 |
46.30 |
46.40 |
46.50 |
46.30 |
| Construction |
|
39.30 |
39.80 |
39.40 |
39.10 |
39.30 |
39.10 |
| Manufacturing |
|
40.30 |
40.50 |
40.60 |
40.40 |
40.70 |
40.60 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
40.80 |
40.90 |
41.10 |
48.00 |
41.00 |
43.80 |
| Nondurable goods |
|
39.60 |
39.80 |
39.80 |
39.70 |
40.00 |
39.90 |
| Private serviceproviding |
|
33.20 |
33.20 |
33.30 |
33.20 |
33.20 |
33.30 |
| Trade, transportation
& utilities |
|
34.20 |
34.20 |
34.30 |
34.10 |
34.20 |
34.20 |
| Wholesale trade |
|
38.90 |
38.90 |
38.80 |
38.80 |
38.90 |
38.90 |
| Retail trade |
|
30.60 |
30.70 |
30.80 |
30.70 |
30.70 |
30.70 |
| Transportation & warehousing |
|
38.60 |
38.50 |
38.40 |
38.10 |
38.40 |
38.50 |
| Utilities |
|
42.10 |
42.10 |
42.40 |
41.90 |
42.60 |
42.10 |
| |
|
|
|
|
|
|
| Information |
|
36.40 |
36.50 |
36.30 |
36.10 |
36.40 |
36.40 |
| Financial activities |
|
37.60 |
37.50 |
37.70 |
37.60 |
37.60 |
37.60 |
| Professional & business
services |
|
36.20 |
36.10 |
36.30 |
36.10 |
36.20 |
36.30 |
| Education & health
services |
|
33.00 |
33.00 |
33.00 |
32.90 |
32.90 |
33.00 |
| Leisure & hospitality |
|
25.80 |
25.80 |
25.90 |
25.80 |
25.90 |
25.90 |
| Other services |
|
31.80 |
31.80 |
31.80 |
31.80 |
31.80 |
31.80 |
| Average hourly earnings ($) |
Oct. 2019
prel. |
Sep. 2019
prel. |
Aug. 2019
prel. |
July 2019
prel. |
June 2019
prel. |
May 2019
prel. |
| Total private |
|
28.18 |
28.12 |
28.11 |
27.98 |
27.90 |
27.83 |
| Goods producing |
|
29.28 |
29.21 |
29.13 |
29.02 |
28.97 |
28.89 |
| Natural resources &
mining |
|
35.03 |
34.58 |
34.06 |
34.09 |
33.70 |
33.51 |
| Construction |
|
30.95 |
30.84 |
30.84 |
30.75 |
30.72 |
30.68 |
| Manufacturing |
|
27.94 |
27.91 |
27.83 |
27.70 |
27.67 |
27.57 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
29.40 |
29.38 |
29.30 |
29.13 |
29.14 |
29.04 |
| Nondurable goods |
|
25.44 |
25.37 |
25.28 |
25.20 |
25.12 |
25.02 |
| Private serviceproviding |
|
27.92 |
27.86 |
27.86 |
27.74 |
27.65 |
27.58 |
| Trade, transportation
& utilities |
|
24.42 |
24.38 |
24.40 |
24.28 |
24.20 |
24.12 |
| Wholesale trade |
|
31.68 |
31.60 |
31.71 |
31.34 |
31.38 |
31.38 |
| Retail trade |
|
19.85 |
19.83 |
19.75 |
19.76 |
19.63 |
19.47 |
| Transportation & warehousing |
|
24.99 |
24.99 |
25.12 |
25.01 |
24.84 |
24.87 |
| Utilities |
|
41.62 |
41.83 |
41.94 |
41.66 |
41.79 |
41.84 |
| |
|
|
|
|
|
|
| Information |
|
42.23 |
42.08 |
42.37 |
42.35 |
41.75 |
41.63 |
| Financial activities |
|
36.23 |
36.09 |
36.32 |
36.11 |
36.03 |
35.92 |
| Professional & business
services |
|
34.00 |
33.88 |
33.84 |
33.63 |
33.53 |
33.42 |
| Education & health
services |
|
27.67 |
27.65 |
27.58 |
27.52 |
27.46 |
27.48 |
| Leisure & hospitality |
|
16.69 |
16.67 |
16.62 |
16.59 |
16.56 |
16.50 |
| Other services |
|
25.18 |
25.09 |
25.07 |
25.00 |
24.96 |
24.92 |
|
|
