Economy Gains 128,000 Jobs in October; Unemployment Up Slightly to 3.6%

Economy Gains 128,000 Jobs in October; Unemployment Up Slightly to 3.6%

The U.S. economy gained 128,000 jobs in October, and the unemployment rate increased slightly to 3.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. 

In response to the October job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in food services and drinking places (48,000), professional and business services (22,000), social assistance (20,000), financial activities (16,000), and health care (15,000). Manufacturing employment decreased by 36,000 and federal government employment was down 17,000 as a large group of temporary census workers completed their work. Employment in other major industries, including mining, construction, wholesale trade, retail trade, transportation and warehousing, and information, showed little change over the month.

Among the major worker groups, the unemployment rates for teenagers (12.3%), blacks (5.4%), Hispanics (4.1%), adult men (3.2%), whites (3.2%), adult women (3.2%) and Asians (2.9%) showed little or no change in October.

The number of long-term unemployed (those jobless for 27 weeks or more) declined in October and accounted for 21.5% of the unemployed.

Kenneth Quinnell
Mon, 11/04/2019 – 10:21

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Updated: November 20, 2019 — 12:57 am