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Posted by: thepinetree on 11/03/2017 08:06 AM Updated by: thepinetree on 11/03/2017 08:06 AM
Expires: 01/01/2022 12:00 AM
:

Economy Added a Robust 261,000 Jobs in October & Unemployment Drops to 4.1%

Washington, DC....Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job gains also occurred in professional and business services, manufacturing, and health care.




Household Survey Data

The unemployment rate edged down by 0.1 percentage point to 4.1 percent in October, and
the number of unemployed persons decreased by 281,000 to 6.5 million. Since January, the
unemployment rate has declined by 0.7 percentage point, and the number of unemployed
persons has decreased by 1.1 million. (See table A-1.)

Among the major worker groups, the unemployment rates for adult women (3.6 percent) and
Whites (3.5 percent) declined in October. The jobless rates for adult men (3.8 percent),
teenagers (13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanics
(4.8 percent) showed little change. (See tables A-1, A-2, and A-3.)

In October, the number of long-term unemployed (those jobless for 27 weeks or more) was
little changed at 1.6 million and accounted for 24.8 percent of the unemployed. (See
table A-12.)

The labor force participation rate decreased by 0.4 percentage point to 62.7 percent in
October but has shown little movement on net over the past 12 months. The employment-
population ratio declined by 0.2 percentage point over the month to 60.2 percent, after
increasing by 0.3 percentage point in September. The employment-population ratio is up
by 0.5 percentage point over the year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) declined by 369,000 to 4.8 million in October. These
individuals, who would have preferred full-time employment, were working part time
because their hours had been cut back or because they were unable to find full-time
jobs. Over the past 12 months, the number of involuntary part-time workers has decreased
by 1.1 million. (See table A-8.)

In October, 1.5 million persons were marginally attached to the labor force, little
changed from a year earlier. (The data are not seasonally adjusted.) These individuals
were not in the labor force, wanted and were available for work, and had looked for a
job sometime in the prior 12 months. They were not counted as unemployed because they
had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 524,000 discouraged workers in October,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.0 million persons marginally attached
to the labor force in October had not searched for work for reasons such as school
attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 261,000 in October, after changing little
in September (+18,000). Employment in food services and drinking places increased sharply
over the month, mostly offsetting a decline in September that largely reflected the impact
of Hurricanes Irma and Harvey. In October, employment also increased in professional and
business services, manufacturing, and health care. (See table B-1.)

Employment in food services and drinking places rose sharply in October (+89,000),
following a decrease of 98,000 in September when many workers were off payrolls due to
the hurricanes.

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

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

Health care added 22,000 jobs in October. Employment in ambulatory health care services
continued to trend up over the month (+16,000). 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 in October.

The average workweek for all employees on private nonfarm payrolls was unchanged at
34.4 hours in October. In manufacturing, the workweek increased by 0.2 hour to 41.0
hours, and overtime edged up by 0.1 hour to 3.5 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls edged up by
0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls, at $26.53,
were little changed in October (-1 cent), after rising by 12 cents in September.
Over the past 12 months, average hourly earnings have increased by 63 cents, or
2.4 percent. In October, average hourly earnings of private-sector production
and nonsupervisory employees, at $22.22, were little changed (-1 cent). (See
tables B-3 and B-8.)

The change in total nonfarm payroll employment for August was revised up from
+169,000 to +208,000, and the change for September was revised up from -33,000
to +18,000. With these revisions, employment was 90,000 higher than previously
reported. (Monthly revisions result from additional reports received from
businesses and government agencies since the last published estimates and from
the recalculation of seasonal factors.) After revisions, job gains have averaged
162,000 over the last 3 months.

_____________
The Employment Situation for November is scheduled to be released on Friday,
December 8, 2017, at 8:30 a.m. (EST).


____________________________________________________________________________________
| |
| Conversion to the 2017 North American Industry Classification System |
| |
|With the release of January 2018 data on February 2, 2018, the establishment survey |
|will revise the basis for industry classification from the 2012 North American |
|Industry Classification System (NAICS) to 2017 NAICS. The conversion to 2017 NAICS |
|will result in minor revisions reflecting content changes within the mining and |
|logging, retail trade, information, financial activities, and professional and |
|business services sectors. Additionally, some smaller industries will be combined |
|within the mining and logging, durable goods, retail trade, and information sectors.|
|Several industry titles and descriptions also will be updated. |
| |
|Approximately 4 percent of employment will be reclassified into different industries|
|as a result of the revision. Details of new, discontinued, and combined industries |
|due to the 2017 NAICS update, as well as changes due to the annual benchmarking |
|process, will be available on January 5, 2018. |
| |
|For more information on the 2017 NAICS update, visit www.census.gov/eos/www/naics/. |
|____________________________________________________________________________________|





 



Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2017-11-03 08:13:44   By: Anonymous
 
What a great President! Right Dems

[Reply ]

    Re:
    Posted on: 2017-11-03 08:17:13   By: Anonymous
     
    Donald just following Obama's foot steps Ha Ha yeah right

    [Reply ]

      Re: PRESIDENT TRUMP
      Posted on: 2017-11-03 08:42:32   By: Anonymous
       
      Hahaha if he was following Obama he would be walking backwards , President Trump , Making America Great Again !

      [Reply ]

        Re: PRESIDENT TRUMP
        Posted on: 2017-11-03 08:55:11   By: Anonymous
         
        America was greater before the lying Cheeto took office

        [Reply ]

          Pres. tRump-fucker
          Posted on: 2017-11-03 11:40:33   By: Anonymous
           


          [Reply ]

            No Subject
            Posted on: 2017-11-03 12:38:40   By: Anonymous
              Edited By: thepinetree
            On: 2017-11-03 14:13:41


            [Reply ]

              Re: Making America GREAT Again!
              Posted on: 2017-11-03 15:38:38   By: Anonymous
               
              Never has anybody made the US Economy so Great so Fast!
              Thank you President Trump for Making America Great Again!

              $-$-$-$-$-!
              Booming US services sector hits new record in October
              AFP•November 3, 2017

              Washington (AFP) - The vital and booming US services sector saw record growth in October, and the data point to continued strength in the months ahead, according to a monthly survey released Friday.

              The index defied expectations for a dip from the strong showing in September, rising to 60.1 percent from 59.8 percent. Any reading above 50 percent indicates growth.

              The jump came on expansion in 16 of the 18 industries surveyed, with only educational services and entertainment and recreation slowing.

              The increase was driven by a rise in production of almost a full point to 62.2 percent, as well as in employment and new export orders, the survey showed. That offset slower growth in new orders and prices.

              Nieves told reporters he was "pleasantly surprised" growth continued to accelerate after the strong showing in September, and acknowledged that at some point there will be questions about how long the faster pace can hold.

              "But all indications are we'll see this continued strength in this sector going forward. At what rate of growth it remains to be seen," he said.
              Added to the continued growth in the manufacturing sector index, economists say the figures bode well for economic growth in the fourth quarter.

              This "provides another indicator that suggests the economy has started the fourth quarter on a strong note," John Ryding of RDQ Economics said in an analysis of the data.

              He said "the last two months have shown manufacturing plus nonmanufacturing activity index at the highest two-month average on record."

              [Reply ]

          Re: PRESIDENT TRUMP
          Posted on: 2017-11-04 06:00:08   By: Anonymous
           
          I like Cheetos, my bf does too, he eats so many it makes his penis orange. Weird isn't it?

          [Reply ]

        Re: PRESIDENT TRUMP
        Posted on: 2017-11-03 08:55:15   By: Anonymous
         
        Thanks Obama

        [Reply ]

          Re: PRESIDENT TRUMP
          Posted on: 2017-11-03 09:11:35   By: Anonymous
           
          It's Donald fault!

          [Reply ]

          Re: PRESIDENT TRUMP
          Posted on: 2017-11-03 12:56:19   By: Anonymous
           
          Thats correct
          All the economists agree that this is still a trickle down from Obama's great stimulus package
          Thats who made America great again

          [Reply ]

            Re: PRESIDENT TRUMP
            Posted on: 2017-11-03 13:56:32   By: Anonymous
             
            Watermelon for everybody !

            [Reply ]

            Re: PRESIDENT TRUMP
            Posted on: 2017-11-03 14:55:04   By: Anonymous
             
            Thank You President Trump , Everything you have been saying all along is now a fact .

            [Reply ]

              Re: PRESIDENT TRUMP
              Posted on: 2017-11-03 15:23:20   By: Anonymous
               
              Another Trumptard statement
              just proves what I have said all along,
              Lies are Facts to dotard's supporters

              [Reply ]

            Re: PRESIDENT TRUMP
            Posted on: 2017-11-03 15:42:11   By: Anonymous
             
            TRICKLE DOWN THEORY?
            What a lying hypocrite, you liberal loons always say trickle down doesn't work and now you wanna grab Trump's success as Obama's trickle?
            Obama couldn't trickle 2% in eight long, downturn years.
            Hypocrite much?

            [Reply ]

              Re: PRESIDENT TRUMP
              Posted on: 2017-11-03 16:58:32   By: Anonymous
               
              Trump doesn't get credit until Trump actually does something that could plausibly be thought to have stimulated the economy. Trump still has no significant legislation passed. No tax reform. No infrastructure reconstruction. Nothing.

              Being a lying boor living in the White House and tweeting pointless rants does not stimulate the economy. Until he actually does something helpful to the economy, Trump gets ZERO credit.

              Let that reality trickle into your head.

              [Reply ]

            Re: PRESIDENT TRUMP
            Posted on: 2017-11-04 06:05:50   By: Anonymous
             
            My god man, get off your knees. You're an embarrassment to men world wide. You gay men are disgusting, vile abnormalities to the human race. You're disgusting vermin, as bad as pedophiles, rapist, murderers and people who practice bestiality. You all should be put out of OUR misery or rot in prisons.

            [Reply ]

              Re: PRESIDENT TRUMP
              Posted on: 2017-11-04 08:27:48   By: Anonymous
               
              A typical homophobic,racisr trumptard post by an inbred hillbilly

              [Reply ]

    Re: Huh?
    Posted on: 2017-11-03 17:42:32   By: Anonymous
     
    Did you read the report interpretation of the tables? Or just the headline (which is grossly misleading? Did you look at the statistics (assuming you know how to read a statistical table)?

    Things are not going well. Only lower paying jobs (food services and drinking establishments) showed gains in employment. These are low paying jobs.

    [Reply ]

      Re: Huh?
      Posted on: 2017-11-04 06:09:09   By: Anonymous
       
      Just wait until Walmart needs Santa Clause's then the job market will look even better.


      [Reply ]

No Subject
Posted on: 2017-11-03 14:20:18   By: Anonymous
 
Trump has certainly increased employment in the legal profession. Everyone unlucky enough to have been involved with his campaign or presidency now needs a lawyer. And all those lawyers have paralegals and secretaries. Sometimes the lawyers turn out to need lawyers of their own. No wonder employment is up.

And, of course, Mueller is hiring more lawyers to handle all the Trump-related prosecutions, so that is still more employment.

Pretty soon there will be more corrections officers hired to help keep all the Trump people locked up. That's more employment.

And then there is Sarah Huckabee Sander's press office employees. I can not believe Sarah can be making up all those lies she tells by herself. She must have new employees who help develop the lies for the daily press briefing. And she must have people help her rehearse them so she can just rattle them off so quickly and seamlessly. So that's still more employment.

All in all, Trump is really stimulating at least part of the economy.

[Reply ]

    Re: Hillary For Prison
    Posted on: 2017-11-03 15:55:07   By: Anonymous
     
    Rep. DeSantis: ‘We Know Now Without a Shadow of a Doubt’ Hillary and Democrats Colluded with Russia
    by DAN RIEHL 2 Nov 2017 Washington, DC

    Rep. Ron DeSantis (R-FL) spoke with SiriusXM host Alex Marlow on Thursday regarding a proposed Mueller amendment to limit the special counsel investigation to between March 2015 and the present.

    “We know now without a shadow of a doubt that the Democratic Party, Hillary Clinton, paid Fusion GPS and Steele to acquire this dossier, which required colluding with Russian operatives and Russian nationals. So, they produced this dossier and I believe, yesterday I called for the FBI, the Justice Department to declassify all the FISA applications involving Trump associates because what I think happened is, I think they used the information from this dossier to be able to get surveillance on Trump and his associates.”

    “And then the fruits of that,” he continued, “formed the basis of what had been leaked to the press over the first three or four months of Trump’s White House.”

    DeSantis also discussed the Uranium One scandal between Hillary and Russia.
    **********************
    Hillary and Podesta hear Mueller's footsteps getting closer and closer and closer.....

    [Reply ]

      Re: Hillary For Prison
      Posted on: 2017-11-03 16:53:19   By: Anonymous
       
      Even you must know your argument is bogus. Opposition research is legal. The Clinton campaign did nothing illegal or even unethical.

      The Trump campaign did things both illegal and unethical. Accepting and/or soliciting help from a foreign government is illegal. Especially if it is a hostile government such as Russia.

      The only thing the Clinton campaign did wrong was not releasing the dossier to the public BEFORE the election. Then some of the rubes who voted for Trump might have realized the sleazeball they were voting for.



      [Reply ]

        Re: Hillary For Prison
        Posted on: 2017-11-04 06:24:04   By: Anonymous
         
        ha ha Funny how the Clinton Foundation accepted money from Foreign Billionaires during her campaign and the second it was known that she would lose, not even a single penny ever came again.
        Please tell us Little Bo Sheep, Why Is That?
        We all know those were favors to be re payed when she was elected President. Please give us your explanation about the sudden stop in contribution. I'd love to hear about it, as i love to hear about people blindly following a party no matter how criminal they are. I didn't vote for Trump either.

        Eagerly awaiting your idiotic reasoning and reply.

        [Reply ]

No Subject
Posted on: 2017-11-05 21:29:13   By: Anonymous
 
Thank you Obama! Thank you Obama two times! GOP you do nothing but rip farts and bitch! Get out if you can't handle your mindless trade work. Worker bees- know your place!

[Reply ]


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