October’s job report saw a gain of 531,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure and hospitality, professional and business services, in manufacturing, and in transportation and warehousing. Employment in public education declined.
October’s unemployment rate declined to 4.6%, down from 4.8% in September. The civilian labor force participation was 61.6%, unchanged from September.
The report found that average hourly earnings for employees on private, nonfarm payrolls rose by 11 cents to $30.96.