1. •
Job Market Update
U.S. Economic Data
Reflective of the Bureau of Labor Statistics
“The Employment Situation – October 2015”
As of November 2015
2. •
Overview of “The Employment Situation”
• The October report showed an overall
monthly gain of 271,000 jobs – a
whopping 40,000 more jobs than the 12-
month average of 230,000 per month.
• The unemployment rate dropped slightly
to 5.0%
• Revisions to prior months:
- The August number was revised from +136,000
to +153,000
- The September number was revised from
+142,000 to +137,000
- That’s a total of 12,000 more jobs than was
previously reported
2
3. •
271,000 new jobs added in October
221
423
329
201
266
119
187
260
245
223
153
137
271
OCT-14 NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT
InThousands
3
* Numbers are seasonally adjusted. Source: BLS
4. •
Employment in October
• Number of unemployed persons is down by
1.1 million, year-over-year
- Unemployment dropped to 5.0%, the lowest
since April, 2008.
- The number of long-term unemployed was
little changed at 2.1 million.
- The number of involuntary part-time workers
decreased by 269,000 in October.
- Discouraged workers in October increased
by 11,000
- Average hourly payrolls increased by 9 cents,
to $25.20
4
JOBS GAINED IN OCTOBER
UNEMPLOYMENT RATE
271,000
5.0%
7. •
Employment in total nonfarm
-4.0
31
0
9.7
43.8
-2.1
-1
5
78
57
41
24.5
10
3
-10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0
Mining and logging
Construc on
Manufacturing
Wholesale trade
Retail trade
Transporta on and warehousing
Informa on
Financial ac vi es
Professional and Business services
Educa on and health services
Leisure and hospitality
Temporary help services
Other services
Government
Over-the-monthchange, October 2015
7
* Numbers are seasonally adjusted in thousands.
Source: BLS, Current Employment Statistics Survey, September 2015
8. •
State & Regional Report – September 2015
• State and Regional unemployment rates were little changed in September.
• 37 states reported an increase in employment from the prior month, plus the District of
Columbia, while six states reported decreases and seven states reported no change.
- Over the year, 46 states and the District of Columbia have reported increases
• The Midwest had the lowest regional unemployment rate at 4.5% (falling from 4.6%),
and the West had the highest unemployment rate at 5.6% (falling from 5.7%).
• Texas (+26,600), New York (+12,000) and Georgia (+9,100) reported the most
significant over-the-month employment increases in September.
• Missouri (-16,500), Pennsylvania (-16,400) and Michigan (-9,800) had the greatest
decrease in employment in September.
8
State and regional employment data from previous month. Source: BLS
9. •
Northeast Division – September 2015
9
State and regional employment data from previous month. Source: BLS
10. •
South Division – September 2015
10
State and regional employment data from previous month. Source: BLS
11. •
Midwest Division – September 2015
11
State and regional employment data from previous month. Source: BLS
12. •
West Division – September 2015
12
State and regional employment data from previous month. Source: BLS