October 2019 Jobs Report
Unemployment Rate: 3.6 percent
Jobs Created: 128,000
Employment and Unemployment
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The Department of Labor reported the unemployment rate ticked up 0.1 percentage point to 3.6% in October.
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Nonfarm jobs grew by 128,000 in October. Economists surveyed by the Wall Street Journal had expected 75,000 jobs.
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Job growth for August and September was stronger than originally reported. The department revised the job creation numbers up for those months by a combined 95,000 jobs.
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The U-6 unemployment rate, a measure that also includes part-time and discouraged workers, rose 0.1 percentage point to 7.0%.
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The department’s monthly report on large strikes indicates possible effects on employment estimates.
Labor Force Participation
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The labor force participation rate, the share of people employed or looking for work, increased 0.1 percentage point to 63.3%.
Wages
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In October, average hourly earnings for all employees in private nonfarm jobs increased by 6 cents to $28.18. They are up 3.0% from a year ago.
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