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Current News | News Archive | Search News |
Employers added 134,000 jobs last month as the U.S. |
by U.S. Bureau of Labor Statistics - 10/05/2018 |
"The unemployment rate falls to a record low as employers continue to battle for top talent. " |
October 5, 2018 – Employers added 134,000 jobs last month as the U.S. unemployment rate dipped to 3.7 percent, according to the most recent U.S. Bureau of Labor Statistics report. The September gain is the 95th consecutive month of job growth. The number of unemployed people fell to six million. Analysts polled by Refinitiv (formerly Thomson Reuters) forecast that the U.S. economy would add 185,000 jobs in September with the unemployment rate ticking down to 3.8 percent. Where Job Growth Occurred Employment in professional and business services increased by 54,000 in September and has risen by 560,000 over the year. Healthcare employment rose by 26,000 in September. Hospitals added 12,000 jobs, and employment in ambulatory health care services continued to trend up (+10,000). Over the year, healthcare employment has increased by 302,000. In September, employment in transportation and warehousing rose by 24,000. Job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000). Over the year, employment in transportation and warehousing has increased by 174,000. Construction employment continued to trend up in September (+23,000). The industry has added 315,000 jobs over the past 12 months. Employment in manufacturing continued to trend up in September (+18,000), reflecting a gain in durable goods industries. Over the year, manufacturing has added 278,000 jobs, with about four-fifths of the gain in the durable goods component. Within mining, employment in support activities for mining rose by 6,000 over the month and by 53,000 over the year. Employment in leisure and hospitality was little changed over the month (-17,000). Prior to September, employment in the industry had been on a modest upward trend. Some of the weakness in this industry in September may reflect the impact of Hurricane Florence. Employment showed little or no change over the month in other major industries, including wholesale trade, retail trade, information, financial activities, and government. |
More Details: https://www.bls.gov/ |