October 2018 employment: US adds 250,000 jobs

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 remained unchanged at 3.7 percent, while the economy added 250,000 jobs, in October.

Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed in October sitting at around 1.4 million and accounted for 22.5 percent of the unemployed. Over the year, the number of long-term unemployed has declined by more than half a million.

Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.4 percent), teenagers (11.9 percent), Whites (3.3 percent), Blacks (6.2 percent), Asians (3.2 percent), and Hispanics (4.4 percent) showed little or no change in October.

The change in employment for September 2018 was revised from 134,000 jobs added to 118,000 jobs added while August 2018 was revised from 270,000 jobs added to 286,000 jobs added. With the revisions, job gains have averaged 218,000 over the past 3 months.

You May Also Like

Check out these additional posts from Mind Your Business.

Business Myth Busters: Should you re-screen current employees?

One and done! For many companies the initial on-boarding background check conducted during the hiring process is the only screening their employees receive. A comprehensive background check is a wise investment before hiring new employees, but should you re-screen your employees later in their career, too? Discover the truth behind re-screening services. Myth: The initial…
Read More
COVID-19 Screening

Protect Your Business and Employees with COVID-19 Screening

With COVID-19 dominating the headlines, safely managing a business is a priority for essential businesses and businesses looking to operate in the future. In response to the need for effective and efficient COVID-19 screening, MYB, Inc. now offers symptom screening services to protect businesses and employees. With over 24 years of experience, MYB, Inc. is…
Read More

Business Myth Busters: No Such Thing as an Instant Background Check

In today’s instant gratification economy, it’s easy to see the allure of the “instant” background check. However, good things come to those who wait. An instant background check could do more harm than good by putting your business, employees, and customers at risk. Myth: An instant background check provides the information to make a good…
Read More

Quality and Precise Results, On Time!

Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.