The number of jobs outside agricultural sector in U.S. in October rose by 261 million (extended message)



According to a report by the U.S. Department of labor, the number of new jobs outside the US agricultural sector in October increased by 261 thousand

Analysts had forecast growth in the number of new jobs in October on a 311 thousand

Data on the number of new jobs for September revised upward to 18 thousand (-33) million, which was announced earlier. The August figure revised to 208 thousand from 169 thousand

Assessment of regulators, the U.S. economy needs to create on average 150-200 thousand new jobs per month for a sustained reduction in unemployment. For the last three months the growth of jobs outside agricultural sector in the US averaged 162 thousand

According to the results of a survey of about 400 thousand companies the number of jobs in the US private sector in October increased by 252 thousand Analysts had forecast an increase of 300 thousand

In the manufacturing sector the number of jobs increased by 24 thousand, after rising to 6 million in September. In the mining sector the number of jobs declined by 2 thousand after expanding 0.9 thousand in the previous month, the construction sector grew by 11 thousand after increasing by 11 thousand in September.

In retail trade the number of jobs decreased by 8.3 thousand, in wholesale trade increased by 5.7 thousand Enterprises, providing transport and warehousing services, has expanded the workforce at 8.4 thousand

In the financial sector the number of employees increased by 5 thousand, the number of jobs in the information technology sector decreased by 1 thousand in the telecommunications industry number of employees decreased by 5 thousand Employment in the real estate sector (including renting and leasing) grew by nearly 11 thousand

Healthcare and social assistance jobs increased by 33.5 thousand, employment in professional and business services expanded by 50 thousand, in the sphere of educational services number of employees increased by 7.6 thousand

In the public sector the number of jobs increased by 9 thousand compared to the previous month. Compared to October 2016, the number of civil servants decreased by 296 thousand to 22.36 million

The unemployment rate, calculated according to the results of a survey of 60 thousand households in October fell by 0.1 percentage points (PP) compared to the previous month and amounted to 4.1%, reaching its lowest level since December 2000. Analysts predicted saving rate at around 4.2%. The official report on the unemployment rate includes only those citizens who are engaged in active job search.

The total number of unemployed at the end of October decreased by 281 thousand to 6.52 million; number of employees, according to surveys of households, fell by 484 thousand to 153.86 million the Number of citizens retired from the workforce increased by 968 thousand to 95.39 million, the labor force among the civilian population decreased by 765 thousand to 160.38 million.

The level of involvement of the population in the labour force decreased by 0.4 PPT compared to previous month and amounted to 62.7%.

Over the last 12 months the number is not included in the workforce of citizens increased by 762 thousand and amounted to 95.3 million.

The number of citizens who can not find work for more than six months, in October decreased by 112 thousand to 1.62 million, amounting to 24.8% of the total number of unemployed against 25.5% in the previous month and 25.9% in October 2016.

The number of lost jobs or completed temporary jobs decreased by 132 thousand compared to the previous month seasonally adjusted, reaching 3.23 million people.

The number of employees working full time decreased by 23 thousand to 126.67 million, the Number of part-time employees decreased by 415 thousand to 27.24 million

The number of employees working part-time for economic reasons (are not able to find work for a full day) decreased by 369 thousand to 4.75 million

The alternative unemployment rate, a calculation that included citizens, not job seekers or seeker from time to time, decreased by 0.4 PPT compared to previous month and amounted to 7.9%.

The average workweek in October was 34.4 hours, unchanged from September’s figure.

The average hourly wage decreased to $ 26.53 26.54 against the USD in September.

Average weekly wages dropped to $ 912.63 compared 912.98 $ a month earlier.




The number of jobs outside agricultural sector in U.S. in October rose by 261 million (extended message) 03.11.2017

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