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Statement of
William W. Beach
Commissioner
Bureau of Labor Statistics
Friday, November 1, 2019
Nonfarm payroll employment increased by 128,000 in
October, and the unemployment rate was little changed at 3.6
percent. Notable employment gains occurred in food services and
drinking places, social assistance, and financial activities.
Within manufacturing, employment declined in motor vehicles and
parts due to strike activity. Federal government employment was
down, reflecting a drop in the number of temporary jobs for the
2020 Census.
Incorporating revisions for August and September, which
increased nonfarm payroll employment by 95,000, monthly job
gains have averaged 176,000 over the past 3 months. Job growth
has averaged 167,000 per month thus far in 2019, compared with
an average gain of 223,000 per month in 2018.
Employment in food services and drinking places rose by
48,000 over the month. Monthly job growth in the industry has
averaged 38,000 over the past 3 months, compared with an average
monthly gain of 16,000 in the first 7 months of 2019.
Social assistance added 20,000 jobs in October, with most
of the gain occurring in individual and family services
(+17,000). Over the past 12 months, employment in social
assistance has increased by 139,000.
In October, financial activities added 16,000 jobs. Within
the industry, employment increased in real estate and rental and
leasing (+10,000) and in credit intermediation and related
activities (+6,000).
Over the month, employment continued to trend up in
professional and business services (+22,000) and in health care
(+15,000).
Manufacturing employment declined by 36,000 in October.
Employment in motor vehicles and parts manufacturing decreased
by 42,000, reflecting strike activity.
Within government, federal employment declined in October
(-17,000), as 20,000 temporary workers who had been preparing
for the 2020 Census completed their work.
In October, employment changed little in other major
industries--including mining, construction, wholesale trade,
retail trade, transportation and warehousing, and information.
Average hourly earnings of all employees on private
nonfarm payrolls rose by 6 cents in October to $28.18, following
little change (+1 cent) in September. Over the past 12 months,
average hourly earnings have risen by 3.0 percent; the over-the-
year percent change has been 3.0 percent or above for 15
consecutive months. From September 2018 to September 2019, the
Consumer Price Index for All Urban Consumers (CPI-U) increased
by 1.7 percent (on a seasonally adjusted basis).
Turning to measures from the survey of households, the
unemployment rate, at 3.6 percent, was little changed in
October. The number of unemployed people, 5.9 million, also
changed little over the month.
Among the unemployed, the number of people searching for
work for 27 weeks or more was essentially unchanged at 1.3
million in October. These long-term unemployed accounted for
21.5 percent of the unemployed.
The labor force participation rate, at 63.3 percent, was
about unchanged in October. The employment-population ratio
remained at 61.0 percent over the month. Both measures were up
by 0.4 percentage point over the year.
In October, 4.4 million people were working part time for
economic reasons (also referred to as involuntary part-time
workers), little changed from the previous month.
Among those neither working nor looking for work in
October, 1.2 million were considered marginally attached to the
labor force, down by 262,000 from a year earlier. (People who
are marginally attached to the labor force had not looked for
work in the 4 weeks prior to the survey but wanted a job, were
available for work, and had looked for a job within the last 12
months.) Discouraged workers, a subset of the marginally
attached who believed no jobs were available for them, numbered
341,000 in October, down by 165,000 from a year earlier.
In summary, nonfarm payroll employment rose by 128,000 in
October, and the unemployment rate was little changed at 3.6
percent.