Payroll employment in October
November 04, 2002
Nonfarm payroll employment was virtually unchanged (-5,000) in October at 130.9 million, although there were offsetting movements among various industries.
Manufacturing employment declined by 49,000 over the month. The pace of factory job losses increased in the last 3 months, averaging 47,000 a month since July, compared with 20,000 a month from April to July. Employment in the construction industry decreased by 27,000 in October, following an increase of 11,000 in September (as revised).
Overall employment in the services industry was little changed (+18,000) over the month. Finance, insurance, and real estate added 34,000 jobs in October. After little change in the first half of the year, the industry has added 70,000 jobs since June. Spurred by low interest rates, employment growth continued in mortgage banks and brokerages; the industry added 17,000 jobs in October.
The federal government added workers for the fifth month in a row, as hiring continued for the Transportation Security Administration.
Payroll employment data are from the Current Employment Statistics program. The above data are seasonally adjusted. Data for September and October 2002 are preliminary and subject to revision. For more information, see "The Employment Situation, October 2002" (PDF) (TXT) news release USDL 02-612.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Payroll employment in October on the Internet at https://www.bls.gov/opub/ted/2002/nov/wk1/art01.htm (visited October 31, 2020).
Recent editions of Spotlight on Statistics
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.