Erica L. Groshen, Commissioner, Bureau of Labor Statistics
November 4 2016 - "Nonfarm payroll employment increased by 161,000 in October,
and the unemployment rate was little changed at 4.9 percent.
Employment continued to trend up in health care, professional
and business services, and financial activities. Thus far this
year, nonfarm job growth has averaged 181,000 per month,
compared with an average gain of 229,000 per month in 2015.
"Incorporating revisions for August and September, which
increased nonfarm payroll employment by 44,000, monthly job
gains have averaged 176,000 over the past 3 months.
"In October, health care employment rose by 31,000, with
gains in ambulatory health care services (+19,000) and hospitals
(+13,000). Over the year, health care has added 415,000 jobs.
"Employment in professional and business services continued
to trend up over the month (+43,000) and has expanded by 542,000
over the year. Within the industry, computer systems design and
related services added 8,000 jobs in October. Employment in
management and technical consulting services continued on an
upward trend (+5,000).
"Employment in financial activities also continued to trend
up in October (+14,000). Insurance carriers and related
activities added 8,000 jobs. Over the year, financial activities
employment has grown by 172,000.
"Employment in other major industries--mining, construction,
manufacturing, wholesale trade, retail trade, transportation and
warehousing, information, leisure and hospitality, and
government--changed little over the month.
"Average hourly earnings of all employees on private nonfarm
payrolls grew by 10 cents in October to $25.92, following an
8-cent increase in September. Over the past 12 months, average
hourly earnings have risen by 2.8 percent. From September 2015
to September 2016, the Consumer Price Index for All Urban
Consumers (CPI-U) increased by 1.5 percent (on a seasonally
"Turning to data from the survey of households, both the
unemployment rate, at 4.9 percent, and the number of unemployed
people, at 7.8 million, changed little over the month and have
shown little net movement since August 2015. Among the
unemployed in October, 2.0 million, or 25.2 percent, had been
searching for work for 27 weeks or more.
"The labor force participation rate, at 62.8 percent, and
the employment-population ratio, at 59.7 percent, changed little
over the month. These measures have shown little movement in
recent months, although both are up over the year.
"Among people employed in October, the number working part
time for economic reasons, also referred to as involuntary part-
time workers, was 5.9 million. This measure has shown little net
change over the past year.
"Among people who were neither working nor looking for work,
1.7 million were marginally attached to the labor force in
October, down from 1.9 million a year earlier. Discouraged
workers, a subset of the marginally attached who believed that
no jobs were available for them, numbered 487,000 in October,
also down from a year earlier. (Marginally attached to the labor
force refers to people who had not looked for work in the 4
weeks prior to the survey but wanted a job, were available to
work, and had looked for a job within the last 12 months.)
"In summary, nonfarm payroll employment increased by 161,000
in October, and the unemployment rate was little changed at 4.9
Source: Bureau of Labor Statistics, US Department of Labor