Commissioner's Statement on the Employment Situation News Release

Advance copies of this statement are made available to the press
under lock-up conditions with the explicit understanding that the
data are embargoed until 8:30 a.m. Eastern Daylight Time.

                                       
                          Statement of
       
                      William J. Wiatrowski
                       Acting Commissioner
                   Bureau of Labor Statistics

                    Friday, November 3, 2017


	In October, nonfarm payroll employment rose by 261,000, 
after changing little in September. The unemployment rate edged 
down to 4.1 percent in October. Employment rose sharply in food 
services and drinking places, mostly offsetting a decline in 
September that largely reflected the impact of Hurricanes Irma 
and Harvey. Job gains also occurred over the month in 
professional and business services, manufacturing, and health 
care.

	Incorporating revisions for September and August, which 
increased nonfarm payroll employment by 90,000, monthly job 
gains have averaged 162,000 over the past 3 months.

	Employment in food services and drinking places increased 
by 89,000 in October. This followed a decline of 98,000 in 
September. Many workers in this industry who were off payrolls 
due to the hurricanes returned to their jobs in October.

	Professional and business services added 50,000 jobs over 
the month, about in line with its average monthly gain over the 
prior 12 months.

	In October, employment in manufacturing increased by 
24,000, with job gains in computer and electronic products 
(+5,000) and chemicals (+4,000). Employment in fabricated metals 
continued to trend up. Manufacturing has added 156,000 jobs 
since an employment low in November 2016.

	Employment in health care rose by 22,000 in October, as 
employment continued to trend up in ambulatory care services. 
Health care has added an average of 24,000 jobs per month thus 
far in 2017, compared with an average gain of 32,000 per month 
in 2016.

	Employment in other major industries--including mining, 
construction, wholesale trade, retail trade, transportation and 
warehousing, information, financial activities, and government--
changed little over the month.

	Average hourly earnings of all employees on private 
nonfarm payrolls changed little in October (-1 cent), after 
increasing by 12 cents in September. Over the past 12 months, 
average hourly earnings have risen by 2.4 percent. From 
September 2016 to September 2017, the Consumer Price Index for 
All Urban Consumers (CPI-U) increased by 2.2 percent (on a 
seasonally adjusted basis).

	Turning now to measures from the household survey, the 
unemployment rate edged down to 4.1 percent in October and is 
down by 0.7 percentage point since January. The number of 
unemployed people declined by 281,000 to 6.5 million in October 
and has fallen by 1.1 million since January.

	Among the unemployed in October, 1.6 million had been 
searching for work for 27 weeks or more. These long-term 
unemployed accounted for 24.8 percent of the total unemployed.

	The labor force participation rate declined by 0.4 
percentage point in October to 62.7 percent. Over the past year, 
the labor force participation rate has shown no clear trend. 

	The employment-population ratio declined by 0.2 percentage 
point to 60.2 percent in October, following an increase of 0.3 
percentage point in September. This ratio is up by 0.5 
percentage point over the past 12 months.

	In October, the number of people working part time for 
economic reasons, also referred to as involuntary part-time 
workers, declined by 369,000 to 4.8 million. Over the past 12 
months, the number of involuntary part-time workers has 
decreased by 1.1 million.

	Among those neither working nor looking for work in 
October, 1.5 million people were marginally attached to the 
labor force, little changed from a year earlier. Discouraged 
workers, a subset of the marginally attached who believe that no 
jobs are available for them, numbered 524,000 in October, 
essentially unchanged 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.)

       In summary, nonfarm payroll employment increased by 261,000 
in October, after changing little in September. The unemployment 
rate edged down to 4.1 percent over the month.




Last Modified Date: November 03, 2017