12 thousand Jobs, 4.1% Unemployment Price

by Calculated Danger on 11/01/2024 08:30:00 AM

From the BLS: Employment State of affairs

Whole nonfarm payroll employment was basically unchanged in October (+12,000), and the
unemployment price was unchanged at 4.1 p.c, the U.S. Bureau of Labor Statistics reported
right this moment. Employment continued to development up in well being care and authorities. Short-term assist companies
misplaced jobs. Employment declined in manufacturing as a result 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 reveals the roles added per thirty days since January 2021.

The second graph reveals 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 reveals the employment inhabitants ratio and the participation price.

The Labor Power Participation Price decreased to 62.6% in October, from 62.7% in September. That is the share of the working age inhabitants within the labor power.

The Employment-Inhabitants ratio decreased to 60.0% from 60.2% in September (blue line).

I am going to put up the 25 to 54 age group employment-population ratio graph later.

The fourth graph reveals the unemployment price.

The unemployment price was unchanged at 4.1% in October from 4.1% in September.

This was under consensus expectations, and August and September payrolls have been revised down by 112,000 mixed.  

This report was impacted by strikes and hurricanes.

I am going to have extra later …