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.

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