U.S. Bureau Of Labor Statistics Updates

Employment situation summary for October 2017

unemployment stats

According to the U.S. Bureau of Labor Statistics employment situation summary released November 3rd, 2017, unemployment was little changed at 4.1 percent in October and the number of unemployed decreased to 6.5 million.

Employment grew in food services and drinking places, offsetting a decline in September that reflected the impact of Hurricanes Irma and Harvey.  Employment also grew in manufacturing, professional and technical services, and health care.

In October, the marginally attached to the workforce—unemployed, available for work, and have looked for a job in the last 12 months—was 1.5 million. There were 524,000 discouraged workers, virtually unchanged from the same time last year. (These individuals are not counted in the unemployed because they had not looked for a job in the last four weeks.)

The number of long-term unemployed (those who have been jobless for 27 weeks or more) was essentially unchanged at 1.6 million in October. These individuals accounted for 24.8 percent of the unemployed.

Visit the U.S. Bureau of Labor Statistics for the complete summary.

 

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