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October's Employment Situation

On November 2, the Bureau of Labor Statistics (BLS) reported that total nonfarm payrolls increased by 250,000 in October. The largest sector gains occurred in health care (+36,000), manufacturing (+32,000), construction (+30,000), and transportation and warehousing (+25,000). The unemployment rate remained at 3.7 percent. The BLS also revised August total nonfarm payroll up from +270,000 to +286,000 and total nonfarm payrolls in September down from +134,000 to +118,000. Read the full report here.