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U.S. economy continue to add jobs in October

U.S. Employment Report



The nonfarm payrolls grew 672,000 in October, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending,
The economy gained a net 672,000 jobs in October on the seasonally adjusted basis, reported by the U.S. Labor Department.

As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. remained unchanged 0.00 % to 147,56 millions, the biggest increases occurred in leisure and hospitality sectors up by 406,000 payrolls, the other services added just 0,000 jobs.


At Oct. 2020 Total number of unemployed persons deacreased to 12.58 millions, a deacrease of 0.00 thousands or 0.00 % from Sep. 2020, Unemployment rate remained unchanged from Sep. 2020. In October 672,000 nonfarm payrolls were created.


Labor force
In October hourly wages declined by -0.03 % to $29.46, a decrease by $0.01 from $29.47 in September on the seasonally adjusted basis.

The number of employed persons remained unchanged at 147.56 millions.

Total Labor force deacreased to 160.14 millions.
Average weekly earnings where $1,025.21 dollars, in Oct. 2020


Average Weekly Hours of Production


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) The Labor Department regularly updates the figures to incorporate tax and other government data as well as fresh information from businesses that take part in the employment survey. The number of people without a job remained unchanged to 12.58 million on the seasonally adjusted basis.

Construction Industry remained unchanged from Sep. 2020; Manufacturing Industry remained unchanged Durable goods Industry fell to 48.20 hours per week, Nondurable goods Industry advanced to 39.80 hours per week.

Average Weekly Hours of Production for private serviceproviding industry remained unchanged from Sep. 2020; Trade, transportation & utilities Industry grew to 34.40 hours per week, from Sep. 2020 .

Financial activities Industry Average Weekly Hours of Production remained unchanged from Sep. 2020.
Average workweek grew in October by 0.29 % to 34.80 hours, an increase of $0.10 from 34.70 in September on the seasonally adjusted basis, the biggest increases occurred in leisure and hospitality sectors up to 26.10 hours, the hours worked in durable goods manufacturers fell the most to 48.20 hours, reported by the Labor Department.
Despite decline in in hourly earnings, average weekly earnings grew in the private sector to $1,025.21 from $1,022.61 in the previous month, due to growth hours worked.

Information Industry Average Weekly Hours of Production went up to 36.50 hours per week, from Sep. 2020; Professional & business services Industry remained unchanged from Sep. 2020;
Education & health services Industry remained unchanged from Sep. 2020; Leisure & hospitality Industry advanced to 26.10 hours per week, from Sep. 2020; Other services Industry remained unchanged from Sep. 2020.





Employment Situation
( in millions or %)
Oct. 2020

prel.
Sep. 2020

prel.
Aug. 2020

prel.
July 2020

prel.
June 2020

prel.
May 2020

prel.
Unemployment rate
7.9 % 7.9 % 8.4 % 10.2 % 11.1 % 13.3 %
Number of unemployed persons
12.580 12.580 13.550 16.338 17.750 20.985
Number of Employed persons
147.563 147.563 147.288 143.532 142.182 137.242
Employment/population ratio
56.6 % 56.6 % 56.5 % 55.1 % 54.6 % 52.8 %
Civilian labor force
160.143 160.143 160.838 159.870 159.932 158.227
Participation rate
61.4 % 61.4 % 61.7 % 61.4 % 61.5 % 60.8 %
Civilian noninstitutional population
260.742 260.742 260.558 260.373 260.204 260.047
Persons who currently want a job outside CLF
7.227 7.227 6.985 7.732 8.195 8.962
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
Oct. 2020
prel.
Sep. 2020
prel.
Aug. 2020
prel.
July 2020
prel.
June 2020
prel.
May 2020
prel.
Nonfarm Payrolls
+672.0 +661.0 +1,763.0 +1,763.0 +4,800.0 +2,509.0
Total Private Payrolls
+892.0 +877.0 +1,462.0 +1,462.0 +4,767.0 +3,094.0
Goods-producing Payrolls
+97.0 +93.0 +39.0 +39.0 +504.0 +669.0
Mining & logging
+2.0 +1.0 -7.0 -7.0 -10.0 -20.0
Construction
+35.0 +26.0 +20.0 +20.0 +158.0 +464.0
Manufacturing Payrolls
+3.0 +2.9 +2.8 +2.8 +2.4 +2.4
Durable goods
+44.0 +46.0 +15.0 +15.0 +290.0 +119.0
Motor vehicles and parts
+7.7 +14.3 +39.3 +39.3 +195.8 +27.7
Nondurable goods
+16.0 +20.0 +11.0 +11.0 +66.0 +106.0
Private service-providing Payrolls
+795.0 +784.0 +1,423.0 +1,423.0 +4,263.0 +2,425.0
Wholesale trade
+18.9 +18.7 -5.3 -5.3 +67.6 +21.4
Retail trade
+23.4 +142.4 +258.3 +258.3 +739.8 +367.8
Transportation and warehousing
+40.2 +73.6 +37.9 +37.9 +98.7 -19.0
Information
+47.0 +27.0 -15.0 -15.0 +9.0 -38.0
Financial activities
+37.0 +37.0 +21.0 +21.0 +32.0 +33.0
Professional and business services
+122.0 +89.0 +170.0 +170.0 +306.0 +127.0
Temporary help services
+21.8 +8.1 +143.7 +143.7 +148.9 +39.1
Education and health services
+49.0 +40.0 +215.0 +215.0 +568.0 +424.0
Health care and social assistance
+118.0 +107.7 +191.4 +191.4 +474.9 +390.7
Leisure and hospitality
+406.0 +318.0 +592.0 +592.0 +2,088.0 +1,239.0
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. 2020

prel.
Sep. 2020

prel.
Aug. 2020

prel.
July 2020

prel.
June 2020

prel.
May 2020

prel.
Total private
1,025.21 1,022.61 1,018.97 1,013.96 1,013.27 1,032.33
Goods producing
1,199.17 1,198.38 1,197.35 1,187.77 1,171.69 1,173.51
Natural resources & mining
1,558.49 1,547.88 1,545.72 1,539.13 1,518.53 1,509.30
Construction
1,234.23 1,235.00 1,235.00 1,234.30 1,230.02 1,223.79
Manufacturing
1,160.98 1,159.77 1,157.20 1,143.76 1,119.94 1,126.54
Overtime hours
- - - - - -
Durable goods
1,459.01 1,654.13 1,091.72 2,393.42 7,028.85 2,027.01
Nondurable goods
1,055.50 1,052.05 1,047.02 1,036.06 1,026.48 1,032.86
Private serviceproviding
987.41 988.08 983.81 978.87 982.46 1,002.51
Trade, transportation & utilities
878.92 877.74 867.16 861.56 863.67 872.94
Wholesale trade
1,257.59 1,253.56 1,249.92 1,246.46 1,234.24 1,239.56
Retail trade
660.02 664.35 649.31 640.20 648.02 653.54
Transportation & warehousing
990.95 987.24 978.82 972.82 959.36 967.76
Utilities
1,887.91 1,879.65 1,907.37 1,845.35 1,833.71 1,812.49
 
Information
1,595.05 1,593.23 1,603.81 1,601.56 1,577.90 1,590.64
Financial activities
1,435.94 1,435.19 1,426.88 1,421.28 1,436.37 1,429.22
Professional & business services
1,286.63 1,286.99 1,284.07 1,274.13 1,275.95 1,290.38
Education & health services
958.10 958.77 953.24 950.23 940.37 935.35
Leisure & hospitality
445.27 442.52 436.64 426.56 433.25 446.92
Other services
852.07 854.34 851.37 855.88 859.50 881.27




Average weekly hours of production by Industry Oct. 2020

prel.
Sep. 2020

prel.
Aug. 2020

prel.
July 2020

prel.
June 2020

prel.
May 2020

prel.
Total private
34.80 34.70 34.60 34.50 34.50 34.70
Goods producing
39.80 39.80 39.70 39.50 39.20 39.00
Natural resources & mining
44.20 44.20 44.00 43.80 43.30 43.00
Construction
38.80 38.80 38.80 38.90 38.90 38.90
Manufacturing
40.20 40.20 40.00 39.70 39.20 38.90
Overtime hours
- - - - - -
Durable goods
48.20 54.70 35.90 79.20 235.00 66.70
Nondurable goods
39.80 39.70 39.60 39.20 39.00 38.80
Private serviceproviding
33.70 33.70 33.60 33.50 33.60 33.80
Trade, transportation & utilities
34.40 34.30 34.10 34.00 34.30 34.30
Wholesale trade
38.60 38.50 38.40 38.40 38.20 38.00
Retail trade
30.90 30.90 30.70 30.50 31.20 31.30
Transportation & warehousing
38.80 38.70 38.40 38.30 37.80 37.70
Utilities
42.80 42.70 43.30 42.50 42.30 42.20
 
Information
36.50 36.40 36.50 36.30 36.50 36.60
Financial activities
37.60 37.60 37.50 37.60 37.70 37.80
Professional & business services
36.50 36.50 36.50 36.30 36.30 36.40
Education & health services
33.50 33.50 33.40 33.40 33.10 32.90
Leisure & hospitality
26.10 26.00 25.70 25.30 25.50 25.70
Other services
32.30 32.30 32.20 32.20 32.30 32.70




Average hourly earnings ($) Oct. 2020

prel.
Sep. 2020

prel.
Aug. 2020

prel.
July 2020

prel.
June 2020

prel.
May 2020

prel.
Total private
29.46 29.47 29.45 29.39 29.37 29.75
Goods producing
30.13 30.11 30.16 30.07 29.89 30.09
Natural resources & mining
35.26 35.02 35.13 35.14 35.07 35.10
Construction
31.81 31.83 31.83 31.73 31.62 31.46
Manufacturing
28.88 28.85 28.93 28.81 28.57 28.96
Overtime hours
- - - - - -
Durable goods
30.27 30.24 30.41 30.22 29.91 30.39
Nondurable goods
26.52 26.50 26.44 26.43 26.32 26.62
Private serviceproviding
29.30 29.32 29.28 29.22 29.24 29.66
Trade, transportation & utilities
25.55 25.59 25.43 25.34 25.18 25.45
Wholesale trade
32.58 32.56 32.55 32.46 32.31 32.62
Retail trade
21.36 21.50 21.15 20.99 20.77 20.88
Transportation & warehousing
25.54 25.51 25.49 25.40 25.38 25.67
Utilities
44.11 44.02 44.05 43.42 43.35 42.95
 
Information
43.70 43.77 43.94 44.12 43.23 43.46
Financial activities
38.19 38.17 38.05 37.80 38.10 37.81
Professional & business services
35.25 35.26 35.18 35.10 35.15 35.45
Education & health services
28.60 28.62 28.54 28.45 28.41 28.43
Leisure & hospitality
17.06 17.02 16.99 16.86 16.99 17.39
Other services
26.38 26.45 26.44 26.58 26.61 26.95







Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)




     
       
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