U.S. Adds 250K Jobs in October, Unemployment Stays at 3.7%
Friday, November 02, 2018
“Wow! The U.S. Added 250,000 jobs in October - and this was despite the hurricanes. Unemployment at 3.7%. Wages UP! These are incredible numbers. Keep it going,” said President Donald Trump on Twitter.
U.S. Adds Jobs
Nonfarm payroll employment rose by 250,000 in October.
Over the month, the labor force increased by 711,000 and the labor force participation rate increased by 0.2 percentage point to 62.9 percent.
Employment increased in health care, in manufacturing, in construction, and in transportation and warehousing.
According to the Labor Department, healthcare added 36,000 jobs, manufacturing added 32,000 jobs and construction added 30,000 jobs.
Unemployment Rate at 3.7%
The unemployment rate was unchanged at 3.7 percent in October.
The unemployment rate is a 49-year-low, while Hispanic unemployment rate reached its lowest rate ever at 4.4%.
According to the Labor Department, the number of people who had been searching for work for 27 weeks or longer was 1.4 million.
These long-term unemployed accounted for 22.5 percent of the total unemployed.
Related Articles
- The 28 Most Stressful Jobs
- The Most Popular $150K Jobs
- Portlanders Quitting Their Jobs is a Good Sign for the Economy
- Portland’s Middle-Income Jobs in Decline, Says Study
- Portland Ranks Among Cities With Most White-Collar Jobs
- The Notorious 8: Jobs We Hate You For Doing
- U.S. Economy Adds 160,000 Jobs in April
- Why Unemployment and Jobs in Oregon are Both on the Rise
- What Jobs You Would Need to Afford These 25 Portland Neighborhoods
- US Economy Adds Roughly 292,000 Jobs in December
- United States Adds 242,000 Jobs in February
- Portland is 4th Fastest Growing City for Tech Jobs
- Port of Portland to Fill 300 Jobs At Job Fair
Follow us on Pinterest Google + Facebook Twitter See It Read It