by Calculated Danger on 11/01/2024 08:30:00 AM
From the BLS: Employment Scenario
Whole nonfarm payroll employment was primarily unchanged in October (+12,000), and the
unemployment price was unchanged at 4.1 %, the U.S. Bureau of Labor Statistics reported
at this time. Employment continued to pattern up in well being care and authorities. Non permanent assist companies
misplaced jobs. Employment declined in manufacturing because of strike exercise.
…
The change in whole nonfarm payroll employment for August was revised down by 81,000, from
+159,000 to +78,000, and the change for September was revised down by 31,000, from +254,000 to
+223,000. With these revisions, employment in August and September mixed is 112,000 decrease
than beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added per 30 days since January 2021.
Payrolls for August and September had been revised down 112 thousand, mixed.
The second graph exhibits the year-over-year change in whole non-farm employment since 1968.
In October, the year-over-year change was 2.17 million jobs. Employment was up solidly year-over-year (Though the annual benchmark revision will decrease the year-over-year change).
The third graph exhibits the employment inhabitants ratio and the participation price.
The Labor Pressure Participation Fee decreased to 62.6% in October, from 62.7% in September. That is the proportion of the working age inhabitants within the labor pressure.
The Employment-Inhabitants ratio decreased to 60.0% from 60.2% in September (blue line).
I will put up the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment price.
The unemployment price was unchanged at 4.1% in October from 4.1% in September.
This was beneath consensus expectations, and August and September payrolls had been revised down by 112,000 mixed.
I will have extra later …
