Nonfarm payroll employment rose by 166,000 in October, and
the unemployment rate was unchanged at 4.7 percent, the Bureau of Labor Statistics
of the U.S. Department of Labor reported. Job gains occurred in professional
and business services, health care, and leisure and hospitality. Manufacturing
employment continued to decline, and construction employment was little
changed.
Unemployment (Household Survey Data)
The number of unemployed persons, at 7.2 million, was essentially unchanged
in October, and the unemployment rate held at 4.7 percent. A year earlier,
the number of unemployed persons was 6.7 million, and the jobless rate was
4.4 percent.
In October, unemployment rates for the major worker groups--adult men (4.3
percent), adult women (4.1 percent), teenagers (15.6 percent), whites (4.2
percent), blacks (8.5 percent), and Hispanics (5.6 percent)--showed little
or no change. The unemployment rate for Asians was 3.7 percent, not seasonally
adjusted.
Total Employment and the Labor Force (Household Survey Data)
Total employment, at 146.0 million, was about unchanged in October. The employment-population
ratio--62.7 percent--was little changed in October but was down from its
recent peak of 63.4 percent in December. The civilian labor force, at 153.3
million in October, and the labor force participation rate, at 65.9 percent,
were essentially unchanged from September.
Persons Not in the Labor Force (Household Survey Data)
Nearly 1.4 million persons (not seasonally adjusted) were marginally attached
to the labor force in October, about unchanged from a year earlier. These
individuals wanted and were available to work and had looked for a job sometime
during the prior 12 months. They were not counted as unemployed because they
had not searched for work in the 4 weeks preceding the survey. Among the
marginally attached, there were 320,000 discouraged workers in October, little
different from a year earlier. Discouraged workers were not currently looking
for work specifically because they believed no jobs were available for them.
The other 1.0 million persons marginally attached to the labor force in
October had not searched for work in the 4 weeks preceding the survey for
reasons such as school attendance and family responsibilities.
Industry Payroll Employment (Establishment Survey Data)
Total nonfarm payroll employment rose by 166,000 in October to 138.4 million,
following increases of 93,000 in August and 96,000 in September. In October,
job growth continued in several service-providing industries, while employment
in manufacturing continued to trend downward. Construction employment was
little changed over the month.
Employment in professional and business services increased by 65,000 in October
and has risen by 368,000 over the year. In October, job gains continued
in architectural and engineering services (7,000) and in management and technical
consulting services (8,000). The number of jobs in the employment services
industry rose over the month (34,000), following a large decline in September.
Thus far in 2007, the industry has lost 156,000 jobs.
Health care employment continued to grow in October (34,000) with job gains
in ambulatory health care services and hospitals. Over the year, health care
has added 400,000 jobs.
Within leisure and hospitality, employment in food services and drinking
places continued to trend up in October (37,000). This industry has added
365,000 jobs over the year.
Manufacturing employment continued to trend down over the month (-21,000)
with declines in motor vehicles and parts (6,000), computer and electronic
products (-4,000), and chemicals (-4,000). Manufacturing has lost 275,000
jobs since June 2006.
Overall, employment in construction was little changed in October. A job
gain in nonresidential specialty trade contractors (16,000) was offset by
job losses in residential building (-9,000) and in residential specialty
trade contractors (-13,000). Since its peak in September 2006, construction
employment has declined by 124,000.
Retail trade employment edged down in October. Among the component industries,
employment in building material and garden supply stores continued to trend
down with a loss of 7,000 over the month. Employment in financial activities
was essentially unchanged in October, although the number of jobs in its
credit intermediation component (which includes mortgage lending and related
activities) continued to trend down.
Weekly Hours (Establishment Survey Data)
In October, the average workweek for production and nonsupervisory workers
on private nonfarm payrolls was unchanged at 33.8 hours, seasonally adjusted.
The manufacturing workweek decreased by 0.1 hour to 41.2 hours, and factory
overtime was unchanged at 4.1 hours over the month.
The index of aggregate weekly hours of production and nonsupervisory workers
on private nonfarm payrolls rose by 0.1 percent in October to 107.9 (2002=100).
The manufacturing index decreased by 0.4 percent to 95.0.
Hourly and Weekly Earnings (Establishment Survey Data)
Average hourly earnings of production and nonsupervisory workers on private
nonfarm payrolls increased by 3 cents, or 0.2 percent, in October to $17.58,
seasonally adjusted. Average weekly earnings also grew by 0.2 percent over
the month, to $594.20. Over the year, average hourly earnings rose by 3.8
percent, and average weekly earnings rose by 3.5 percent.
Send your comments

