October 2017 employment: US adds 261,000 jobs

November 7, 2017

According to ‘The Employment Situation‘ report released by the U.S. Department of Labor’s Bureau of Labor Statistics, the unemployment rate in the United States dropped to 4.1%, while the economy added 261,000 jobs, in October.

Employment in food services and drinking places rose sharply in October (+89,000), following a decrease of 98,000 in September when many workers were off payrolls due to the hurricanes.

Professional and business services added 50,000 jobs in October, about in line with its average monthly gain over the prior 12 months.

Among the major worker groups, the unemployment rates for adult women (3.6 percent) and Whites (3.5 percent) declined in October. The jobless rates for adult men (3.8 percent), teenagers (13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanics (4.8 percent) showed little change.

The change in employment for August 2017 was revised from 169,000 to 208,000 jobs added while September 2017 was revised from 33,000 jobs lost to 18,000 jobs added. With the revisions, employment gains in these two months were 90,000 jobs more than previously reported.

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