October’s job report saw a gain of 12,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in government and healthcare.
October’s unemployment rate was 4.1%, unchanged from September. The civilian labor force participation rate is at 62.6%.
The report found that average hourly earnings for employees on private, nonfarm payrolls was $35.46. Over the past 12 months, average hourly earnings have increased by 4.0%.
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