The United States created 250,000 jobs in October, up from 190,000



[ad_1]

Treasury yields jumped as a result of the report and stock index futures remained higher.

The most productive month for job creation is the disappointing month of September, which may have been held back by the brutal storm season in the Carolinas. This month's reading fell again, from 134,000 to 118,000 initially reported. However, this decline was completely offset by an upward revision from the August figures, which went from 270,000 to 286,000 already very powerful.

In the last 12 months, the number of jobs created has been 211,000, despite the feeling of the Fed and other countries that the economy reaches or almost full employment.

A broader measure of unemployment that includes discouraged workers and those with part-time jobs for economic reasons has gone down by 7.4%.

Health care recorded some of the biggest gains of the month, with 36,000 additions. The manufacturing sector contributed 32,000 people, thanks to an increase in durable goods and especially transportation equipment, which added 10,000 people.

Construction also increased sharply, with an increase of 30,000, while transportation and warehousing jumped by 42,000.

In addition, recreation and the hospitality industry made a significant contribution to the creation of the workforce, with 42,000 new positions unchanged in September, likely due to hurricane Florence, according to the government report.

Professional and business services increased by 35,000, bringing the total gain over 12 months to 516,000, and mining activities to 5,000.

Employment growth is skewed by full-time positions, which increased by 318,000, while part-time jobs increased by 242,000, according to the household survey.

Another closely monitored internal measure, the average work week, increased from 0.1 hours to 34.5 hours.

[ad_2]
Source link