October Jobs: 250K Created, 3.7% Unemployment Rate, Wages Rising October Jobs: 250K Created, 3.7% Unemployment Rate, Wages Rising – NTK Network

October Jobs: 250K Created, 3.7% Unemployment Rate, Wages Rising

It's an exclamation point on job growth for the election cycle that started January 2017, and will end in just four days.

By NTK Staff | 11.02.2018 @9:05am
October Jobs: 250K Created, 3.7% Unemployment Rate, Wages Rising

The U.S. economy added 250,000 jobs in the month of October, the fifth month of 200,000-plus job growth in the U.S. in 2018 and an exclamation mark on a strong two years for American workers.

The Bureau of Labor Statistics (BLS) reported Friday morning on job growth and the unemployment rate.

Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

The unemployment rate remained at 3.7 percent in October, and the number of unemployed persons was little changed at 6.1 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.4 percentage point and 449,000, respectively.

It’s the fourth-strongest month for job growth in America in 2018, out of 10 months so far.

The U.S. economy has created just over 2.1 million jobs in 2018 and just over four million jobs since February 2017, the first full month of the new presidency.

The unemployment rate stayed at 3.7 percent, matching a 49-year low set last month.

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