Unemployment rate declines to 3.7% in September; payroll employment increases by 134,000 [View all]

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Source: U.S. Bureau of Labor Statistics

Economic News Release USDL-18-1586

Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (EDT) Friday, October 5, 2018

Technical information:
Household data: [phone] * [email protected] * www.bls.gov/cps
Establishment data: [phone] * [email protected] * www.bls.gov/ces

Media contact: [phone] * [email protected]


THE EMPLOYMENT SITUATION -- SEPTEMBER 2018


The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, in health care, and in transportation and warehousing.
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Household Survey Data

The unemployment rate declined by 0.2 percentage point to 3.7 percent in September, and the number of unemployed persons decreased by 270,000 to 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively. (See table A-1.)
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In September, the labor force participation rate remained at 62.7 percent, and the employment-population ratio, at 60.4 percent, was little changed. (See table A-1.)
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Establishment Survey Data

Total nonfarm payroll employment rose by 134,000 in September, compared with an average monthly gain of 201,000 over the prior 12 months. In September, job gains occurred in professional and business services, in health care, and in transportation and warehousing. (See table B-1.)

Employment in professional and business services increased by 54,000 in September and has risen by 560,000 over the year.

Health care employment rose by 26,000 in September. Hospitals added 12,000 jobs, and employment in ambulatory health care services continued to trend up (+10,000). Over the year, health care employment has increased by 302,000.

In September, employment in transportation and warehousing rose by 24,000. Job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000). Over the year, employment in transportation and warehousing has increased by 174,000.

Construction employment continued to trend up in September (+23,000). The industry has added 315,000 jobs over the past 12 months.

Employment in manufacturing continued to trend up in September (+18,000), reflecting a gain in durable goods industries. Over the year, manufacturing has added 278,000 jobs, with about four-fifths of the gain in the durable goods component.

Within mining, employment in support activities for mining rose by 6,000 over the month and by 53,000 over the year.
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In September, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $27.24. Over the year, average hourly earnings have increased by 73 cents, or 2.8 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $22.81 in September. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised up from +147,000 to +165,000, and the change for August was revised up from +201,000 to +270,000. With these revisions, employment gains in July and August combined were 87,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 190,000 per month over the last 3 months.

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The Employment Situation for October is scheduled to be released on Friday, November 2, 2018, at 8:30 a.m. (EDT).

Read more: https://www.bls.gov/news.release/empsit.nr0.htm

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There's a huge amount of useful commentary at this link. It looks as if you can read it even without a subscription.

Everything You Need to Know About the September Jobs Report

Last Updated Oct 5, 2018 at 7:57 am ET

Economists are expecting employers created 180,000 jobs last month and unemployment ticked down to 3.8%.

https://www.wsj.com/livecoverage/september-2018-jobs-report-analysis

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Last month at DU:

U.S. Added 201,000 Jobs in August; Unemployment Rate Steady at 3.9%

https://upload.democraticunderground.com/10142152585