U.S. jobs rise by 250,000 in October

SAN JUAN – Total U.S. nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics (BLS) reported Friday. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

According to the BLS, the number of unemployed people was little changed at 6.1 million. Over the year, the unemployment rate and the number of unemployed people declined by 0.4 percentage point and 449,000, respectively.

Among the major worker groups, the unemployment rates for adult men (3.5 percent),
adult women (3.4 percent), teenagers (11.9 percent), Whites (3.3 percent), Blacks
(6.2 percent), Asians (3.2 percent), and Hispanics (4.4 percent) showed little or no
change in October.

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.4 million in October and accounted for 22.5 percent of the unemployed.

The labor force participation rate increased by 0.2 percentage point to 62.9 percent in
October but has shown little change over the year. The employment-population ratio
edged up by 0.2 percentage point to 60.6 percent in October and has increased by 0.4
percentage point over the year.

The number of people employed part-time was essentially unchanged at 4.6 million in October. “These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs,” the BLS said.

In October, average hourly earnings for employees on private nonfarm payrolls
rose by 5 cents to $27.30. Over the year, average hourly earnings have increased by
83 cents, or 3.1 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 7 cents to $22.89 in October.