Job Report in US (October 2021) – Employment rose by 531,000 and unemployment to 4.6 percent

Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, with notable job gains in leisure and
hospitality, in professional and business services, in manufacturing, and in transportation and warehousing. Employment in public education declined over the month.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry.

Household Survey Data

The unemployment rate edged down to 4.6 percent in October. The number of unemployed persons, at 7.4 million, continued to trend down. Both measures are down considerably from their highs at the end of the February-April 2020 recession. However, they remain
above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020).

Chosen excerpts by Job Market Monitor. Read the whole story @ Employment Situation Summary – 2021 M10 Results