U.S. Adds 214K Jobs in October

Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 6-year low of 5.8 percent. Job growth occurred in food services and drinking places, retail trade, and health care.
U.S. Bureau of Labor Statistics | anna@tradingeconomics.com 11/7/2014 1:45:46 PM
Employment gains exceeded 200,000 for a ninth straight month. The change in total nonfarm payroll employment for August was revised from +180,000 to +203,000, and the change for September was revised from +248,000 to +256,000. With these revisions, employment gains in August and September combined were 31,000 more than previously reported.

Food services and drinking places added 42,000 jobs in October, compared with an average gain of 26,000 jobs per month over the prior 12 months.

Employment in retail trade rose by 27,000 in October. Within the industry, employment grew in general merchandise stores (+12,000) and automobile dealers (+4,000). Retail trade has added 249,000 jobs over the past year. 

Health care added 25,000 jobs in October, about in line with the prior 12-month average gain of 21,000 jobs per month. In October, employment rose in ambulatory health care services (+19,000). 

Employment in professional and business services continued to trend up over the month (+37,000).  Over the prior 12 months, job gains averaged 56,000 per month. In October, employment continued to trend up in temporary help services (+15,000) and in computer systems design and related services (+7,000). 

In October, manufacturing employment continued on an upward trend (+15,000). Within the industry, job gains occurred in machinery (+5,000), furniture and related products (+4,000), and semiconductors and electronic components (+2,000). Over the year, manufacturing has added 170,000 jobs, largely in durable goods.

Employment also continued to trend up in transportation and warehousing (+13,000) and construction (+12,000). 

Employment in other major industries, including mining and logging, wholesale trade, information, financial activities, and government, showed little change over the month.


U.S. Adds 214K Jobs in October