US: Total nonfarm payroll employment increased by 250,000 in October vs. 190,000 expected
|"Total 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 announced on Friday.
Key takeaways from the official publication
- Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.
- The unemployment rate remained at 3.7 percent in October, and the number of unemployed persons was little changed at 6.1 million.
- 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 average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in October.
- In October, average hourly earnings for all 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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.