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Employment Rises, Averaging 222,000 Monthly
Monday, November 10, 2014 6:35 AM

Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported on Friday. Employment increased in food services and drinking places, retail trade, and health care.

The number of unemployed persons (9.0 million) edged down in October.

Among the major worker groups, the unemployment rates are:

  • Adult men: 5.1 percent
  • Adult women: 5.4 percent
  • Teenagers: 18.6 percent
  • Asians: 5.0 percent
  • Blacks: 10.9 percent
  • Hispanics: 6.8 percent
  • Whites: 4.8 percent

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.9 million. These individuals accounted for 32.0 percent of the unemployed.

The civilian labor force participation rate was little changed at 62.8 percent.

The number of persons employed part-time for economic reasons (sometimes referred to as involuntary part-time workers) was nearly unchanged at 7.0 million. These individuals, who would have preferred full-time employment, were working part-time because their hours had been cut back or because they were unable to find a full-time job.

In October, 2.2 million persons were marginally attached to the labor force, little changed from a year earlier. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

The increase in total nonfarm payroll employment averages a monthly gain of 222,000 over the prior 12 months.

Among the industries:

  • Food services and drinking places added 42,000 jobs
  • Retail trade rose by 27,000
  • General merchandise stores rose by 12,000
  • Automobile dealers increased payrolls by 4,000
  • Health care added 25,000 jobs
  • Ambulatory health care services rose by 19,000
  • Professional and business services trended up by 37,000
  • Temporary help services added 15,000
  • Computer systems design and related services grew by 7,000
  • Manufacturing employment moved upward by 15,000
  • Machinery added 5,000
  • Furniture and related products grew by 4,000
  • Semiconductors and electronic components expanded payroll by 2,000
  • Transportation and warehousing grew by 13,000
  • Construction added 12,000

The change in total nonfarm payroll employment for August was revised from +180,000 to +203,000, and the change for September was revised from +248,000 to +256,000. With these revisions, employment gains in August and September combined were 31,000 more than previously reported.

 

Source:  Bureau of Labor Statistics, Nov. 7, 2014.