October’s job report saw a gain of 128,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. There was an increase in food services and drinking places, social assistance and financial activities. In the manufacturing industry, employment in motor vehicles and parts decreased due to strike activity.
Over the past three months, job gains have averaged 176,000 per month.
October’s unemployment rate rose to 3.6%, up from 3.5% in September. The civilian labor force participation was 63.3%, slightly up from 63.2% in September.
The report found that in October, average hourly earnings for employees on private, nonfarm payrolls rose by 6 cents to $28.18. Over the year, average hourly earnings have risen by 3.0%.