U.S. Economy Adds 128,000 Jobs in October
Saturday, November 02, 2019
The job gains come despite a 40-day General Motors (GM) strike that is estimated to have taken as many as 50,000 autoworkers out of the workforce, according to CNN.
The unemployment rate remains near a 50-year low.
U.S. Adds Jobs
According to the Department of Labor, non-farm payrolls rose by a net 128,000 in October, and September was revised upwards to 180,000 from 136,000.
During October, the labor market participation rate rose to 63.3%, the highest level since August of 2013.
According to the Department of Labor, employment in food services and drinking places rose by 48,000 over the month.
Social assistance added 20,000 jobs in October, with most of the gain occurring in individual and family services.
Financial activities added 16,000 jobs in the month, while manufacturing employment declined by 36,000 in October.
Government and federal employment jobs declined by 20,000.
Related Articles
- U.S. Economy Adds 312,000 Jobs in December
- MA Adds 4,400 Jobs in October
- Tesla to Cut Thousands of Jobs
- MA Adds 5,600 Jobs in December, Unemployment Drops to 3.3%
- U.S. Economy Adds 304K Jobs in January
- U.S. Adds 250K Jobs in October, Unemployment Stays at 3.7%
- Youth Jobs Coalition’s Candidates Forum to Focus on Employment of Teens
- MA Adds 6,100 Jobs in April
- Worcester Adds 4,000 Jobs in April
- MA Adds 6,200 Jobs in May
- NEW: U.S. Economy Adds 164,000 Jobs in July
- MA Nonprofits Generate Over 551K Jobs & $36 Billion in Wages
- As Boston’s Encore Opens with Big Numbers, Twin River Formalizes Layoffs, Offers Jobs in DE
- NEW: MA Loses 3,500 Jobs in July
- Massachusetts Adds 7,100 Jobs in August, Unemployment Remains at 2.9%
- NEW: U.S. Economy Adds 224,000 Jobs in June
Delivered Free Every
Follow us on Pinterest Google + Facebook Twitter See It Read It