Current Events > U.S. Payrolls Grew by 128,000 in October Despite the GM Strike

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SK8T3R215 11/01/19 10:01:00 AM #1:	U.S. employers hired at a solid clip in October, showing the job market remains strong even in the face of labor strikes and trade disputes. The economy added 128,000 jobs in October, the Labor Department reported Friday. Job creation in September and August was revised up by a net 95,000. The jobless rate ticked up to 3.6% last month from 3.5% in September. The prior months reading was the lowest rate since December 1969. Meanwhile, wage gains continued to outpace inflation. Average hourly earnings climbed 3% from October 2018. Economists surveyed by The Wall Street Journal forecast payrolls to grow by 75,000 in October, an unemployment rate of 3.6%, and a 3% increase in wages from a year earlier. The 40-day GM strike ended last week. The government wouldnt have counted thousands of GM workers on picket lines last month because they were on strike the week of the employer survey. Fridays report stated employment in auto manufacturing fell by 42,000, reflecting strike activity. When excluding autos, manufacturing employment increased last month. The unemployment rate, determined by a separate survey of households, was less affected by the strike because GM workers would likely have been counted as employed but not reporting due to a labor dispute. The two surveys use different definitions to count employment. While job creation has cooled this year, the latest data shows the labor market remains healthy. Employers have added an average 167,000 jobs to payrolls each month this year, a slowdown from the 223,000 jobs added each month, on average, last year. Next months hiring will get a boost with auto workers returning to the job. The economy added net jobs with many domestic-facing sectors continuing to hire, despite broader economic concerns. The health-care sector added 34,200 jobs in October, business services added 22,000, hospitality, including restaurants, added 61,000. U.S. employers overall have added to payrolls for 109 straight months, by far the longest stretch of consistent job creation on record to 1939. Still, slowing global growth, trade tensions and a slowing of the U.S. economy have weighed on job creation this year after strong grains in 2018. The Federal Reserve this week cut its benchmark interest rate for the third time since July in an attempt to stimulate the economy. Central banks elsewhere in the world are taking similar steps. The unemployment rate last month rose in part because more American joined the labor force, a positive sign The share of Americans working or searching for work last month rose to 63.3% from 63.2% in September. The rate rose last month to the highest level since August 2013, hinting the strong labor market is drawing some Americans off the sidelines. Still, the rate remains below prerecession levels and is well below record highs above 67% set in the early 2000s. A broader measure of unemployment and underemployment-which includes those too discouraged to look for work, plus Americans stuck in part-time jobs but who want to work full-time-rose to 7.0% in October from 6.9% in September. Despite a very low unemployment rate suggesting workers are in short supply, wage growth has largely plateaued. Average hourly earnings for private sector workers increased 6 cents in $28.18 an hour. Wages last year accelerated to grow at better than a 3% rate from a year earlier for the first time in a decade. But since peaking at a 3.4% increase in February, pay increases have eased somewhat. That suggests while businesses have job openings, many businesses are reluctant to boost wages enough to poach workers from competitors. https://www.wsj.com/articles/u-s-payrolls-grew-by-128-000-in-october-despite-the-gm-strike-11572611632?mod=article_inline&mod=hp_lead_pos1 --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:929515172] in U.S. Payro... [t:78126352]...</cite> <quote>U.S. employers hired at a solid clip in October, showing the job market remains strong even in the face of labor strikes and trade disputes. The economy added 128,000 jobs in October, the Labor Department reported Friday. Job creation in September and August was revised up by a net 95,000. The jobless rate ticked up to 3.6% last month from 3.5% in September. The prior months reading was the lowest rate since December 1969. Meanwhile, wage gains continued to outpace inflation. Average hourly earnings climbed 3% from October 2018. Economists surveyed by The Wall Street Journal forecast payrolls to grow by 75,000 in October, an unemployment rate of 3.6%, and a 3% increase in wages from a year earlier. The 40-day GM strike ended last week. The government wouldnt have counted thousands of GM workers on picket lines last month because they were on strike the week of the employer survey. Fridays report stated employment in auto manufacturing fell by 42,000, reflecting strike activity. When excluding autos, manufacturing employment increased last month. The unemployment rate, determined by a separate survey of households, was less affected by the strike because GM workers would likely have been counted as employed but not reporting due to a labor dispute. The two surveys use different definitions to count employment. While job creation has cooled this year, the latest data shows the labor market remains healthy. Employers have added an average 167,000 jobs to payrolls each month this year, a slowdown from the 223,000 jobs added each month, on average, last year. Next months hiring will get a boost with auto workers returning to the job. The economy added net jobs with many domestic-facing sectors continuing to hire, despite broader economic concerns. The health-care sector added 34,200 jobs in October, business services added 22,000, hospitality, including restaurants, added 61,000. U.S. employers overall have added to payrolls for 109 straight months, by far the longest stretch of consistent job creation on record to 1939. Still, slowing global growth, trade tensions and a slowing of the U.S. economy have weighed on job creation this year after strong grains in 2018. The Federal Reserve this week cut its benchmark interest rate for the third time since July in an attempt to stimulate the economy. Central banks elsewhere in the world are taking similar steps. The unemployment rate last month rose in part because more American joined the labor force, a positive sign The share of Americans working or searching for work last month rose to 63.3% from 63.2% in September. The rate rose last month to the highest level since August 2013, hinting the strong labor market is drawing some Americans off the sidelines. Still, the rate remains below prerecession levels and is well below record highs above 67% set in the early 2000s. A broader measure of unemployment and underemployment-which includes those too discouraged to look for work, plus Americans stuck in part-time jobs but who want to work full-time-rose to 7.0% in October from 6.9% in September. Despite a very low unemployment rate suggesting workers are in short supply, wage growth has largely plateaued. Average hourly earnings for private sector workers increased 6 cents in $28.18 an hour. Wages last year accelerated to grow at better than a 3% rate from a year earlier for the first time in a decade. But since peaking at a 3.4% increase in February, pay increases have eased somewhat. That suggests while businesses have job openings, many businesses are reluctant to boost wages enough to poach workers from competitors. https://www.wsj.com/articles/u-s-payrolls-grew-by-128-000-in-october-despite-the-gm-strike-11572611632?mod=article_inline&mod=hp_lead_pos1</quote> ... Copied to Clipboard!
Kolibri X 11/01/19 10:02:53 AM #2:	Maga. --- Platinum GameFAQs Member <cite>Kolibri X posted [p:929515223] in U.S. Payro... [t:78126352]...</cite> <quote>Maga.</quote> ... Copied to Clipboard!
HypnoCoosh 11/01/19 10:03:49 AM #3:	Motherfucking magic wand bitches!!!! --- "If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter." George Washington <cite>HypnoCoosh posted [p:929515253] in U.S. Payro... [t:78126352]...</cite> <quote>Motherfucking magic wand bitches!!!!</quote> ... Copied to Clipboard!
bloodydeath0 11/01/19 10:06:43 AM #4:	b-but orange man bad! --- https://imgur.com/xHbbYI6 http://cdn1.sbnation.com/assets/3386905/G2-Ortiz-Slam.gif Anything too hard in life is not worth doing. -John McGuirk <cite>bloodydeath0 posted [p:929515338] in U.S. Payro... [t:78126352]...</cite> <quote>b-but orange man bad! </quote> ... Copied to Clipboard!
HypnoCoosh 11/01/19 10:07:36 AM #5:	b-b-but RUSSIA!!! b-b-but Ukraine!!! --- "If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter." George Washington <cite>HypnoCoosh posted [p:929515362] in U.S. Payro... [t:78126352]...</cite> <quote>b-b-but RUSSIA!!! b-b-but Ukraine!!!</quote> ... Copied to Clipboard!
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Current Events > U.S. Payrolls Grew by 128,000 in October Despite the GM Strike (+) Yeah! (+)

Current Events > U.S. Payrolls Grew by 128,000 in October Despite the GM Strike