US Nonfarm Payroll Employment Rises to 204K in October

Nonfarm payroll employment rose by 204,000 in October, and the unemployment rate increased to 7.3 percent, the U.S. Bureau of Labor Statistics reported on November 8th.
U.S. Bureau of Labor Statistics | anna@tradingeconomics.com
11/8/2013 1:44:48 PM

Total nonfarm payroll employment increased by 204,000 in October. Job growth averaged 190,000 per month over the prior 12 months. In October, job gains occurred in leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care. Federal government employment continued to trend down. There were no discernible impacts of the partial federal government shutdown on the estimates of employment, hours, and earnings from the establishment survey.

The change in total nonfarm payroll employment for August was revised from +193,000 to +238,000, and the change for September was revised from +148,000 to +163,000. With these revisions, employment gains in August and September combined were 60,000 higher than previously reported.

Leisure and hospitality employment rose by 53,000 in October. Within the industry, employment in food services and drinking places increased by 29,000, the same as its average monthly gain over the prior 12 months.

Employment in retail trade increased by 44,000 in October, compared with an average monthly gain of 31,000 over the prior 12 months. Job growth was widespread within the industry in October, with gains in food and beverage stores (+12,000), electronics and appliance stores (+10,000), sporting goods and hobby stores (+8,000), general merchandise stores (+8,000), and building material and garden supply stores (+7,000). Clothing and clothing accessories stores lost 13,000
jobs.

Professional and technical services employment rose in October (+21,000) and has grown by 213,000 over the past 12 months. Within the industry, employment in management and technical consulting services rose by 8,000 in October.

Manufacturing added 19,000 jobs in October, with job growth occurring in motor vehicles and parts (+6,000), wood products (+3,000), and furniture and related products (+3,000). On net, manufacturing employment has changed little since February 2013.

Health care employment increased over the month (+15,000). Job growth in health care has averaged 17,000 per month thus far this year, compared with an average monthly gain of 27,000 in 2012.

US Nonfarm Payroll Employment Rises to 204K in October



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