Highlights: October Employment Situation
The Bureau of Labor & Statistics reports an unemployment rate of 3.7 percent in October, which is unchanged from the prior month.
Nonfarm payroll employment rose by 250,000 in October, 2018. The industries to receive the most job gains were healthcare (+36,000), manufacturing (+32,000), construction (+30,000), and in transportation and warehousing (+25,000).
The unemployment rate of adult women (3.5%) and adult men (3.4%) remained mostly unchanged from the prior month.
Unemployment among long-term unemployed (those who have been unemployed for 27+ weeks) accounted for 22.5% of the unemployed.
Average hourly earnings rose by $0.05 to $27.30. The average workweek remained unchanged at 34.5 hours.
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