BLS Releases September 2017 Employment Situation (Oct 2017)
The unemployment rate moved down to 4.2 percent. Nonfarm payroll employment was little changed at -33,000. A decline was seen in employment at food services and drinking places likely due to the impact of Hurricanes Harvey and Irma.
Job gains occurred in health care, transportation and warehousing, and financial activities. The number of jobs in health care increased by 23,000 over the month, while transportation and warehousing gained 22,000 jobs and financial activities gained 10,000 jobs.
Job growth in August 2017 was revised to 169,000, up from the initially estimated 156,000. Over the past three months, job growth has averaged 91,000 additions a month.
Average hourly earnings rose by twelve cents to $26.55. Over the year, average hourly earnings have risen 2.9 percent.
The full BLS press release on the September 2017 employment situation can be accessed in the link below:
The next employment situation report for October 2017 will be released on Friday, November 3, 2017.