October 2004 Employment
All I can say is that I wish these numbers had been available on Monday. Can you imagine what the vote would have been then?
Nonfarm payroll employment increased by 337,000 in October, and the unemployment rate was about unchanged at 5.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Construction employment rose sharply over the month, and several service-providing industries also added jobs.
Unemployment (Household Survey Data)
Both the number of unemployed persons, 8.1 million, and the unemployment rate, 5.5 percent, were essentially unchanged from September to October. The jobless rate has held fairly steady thus far this year and remains below its most recent high of 6.3 percent in June 2003.
In October, the unemployment rates for the major worker groups–adult men (4.9 percent), adult women (4.8 percent), teenagers (17.2 percent), whites (4.7 percent), blacks (10.7 percent), and Hispanics or Latinos (6.7 percent)–showed little or no change over the month. The unemployment rate for Asians was 4.8 percent in October, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
Total Employment and the Labor Force (Household Survey Data)
Total employment edged up in October to 139.8 million, and the employment-population ratio–the proportion of the population age 16 and over with jobs–remained at 62.3 percent. The civilian labor force rose by 367,000 over the month to 147.9 million, and the labor force participation rate was unchanged at 65.9 percent. Bureau of Labor Statistics
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