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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


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) 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







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




     
       
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