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Industry Report

In October 2023, job gains occurred in Healthcare, Government Sector, and Social Assistance

Home » Industry Report » In October 2023, job gains occurred in Healthcare, Government Sector, and Social Assistance

October 2023 Jobs Report

Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent. Job gains occurred in health care, government, and social assistance. Employment declined in manufacturing due to strike activity.

In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.3 million. The long-term unemployed accounted for 19.8 percent of all unemployed people. Among the unemployed, the number of permanent job losers increased by 164,000 over the month to 1.6 million. The number of persons on temporary layoff changed little at 873,000.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

( Little change since September )

USA Industry-Specific Updates
– October 2023

(+) Means Jobs Added MoM (-) Means Jobs Decreased MoM

+15,000

Professional & Business Services

Temporary help services +7,000

+19,000

Leisure & Hospitality

Average jobs added per month in the last 12 months +52,000

+58,000

Healthcare

Ambulatory health care +32,000
Hospitals +18,000
Nursing and residential care +8,000

+23,000

Construction

Specialty trade contractors +14,000
Building construction +6,000

+51,000

Government

Local government +38,000

Other Sectors

Social assistance +19,000
Information -9,000
Motion pictures and sound recording -5,000

In October, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents, or 0.2 percent, to $34.00. Over the past 12 months, average hourly earnings have increased by 4.1 percent. In October, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.3 percent, to $29.19.

Source: The US Bureau of Labor Statistics

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