The October Jobs Report confirms signs that the US job
creation is growing. The US added 261k
non-farm jobs in October. The Unemployment Rate decreased from 4.2% to 4.1%,
but the Labor Participation Rate also dropped from 63.1% to 62.7%.
Hiring for October includes:
Service Providers 219k
Hospitality 106k
Manufacturing 24k
Construction 11k
Retail -8.3k
http://www.foxbusiness.com/markets/2017/11/03/u-s-jobs-growth-hits-261000-in-october-as-hiring-remains-solid.html
See the BLS Report for all the data at:
From 2008
to 2016, the US added an average of 150k jobs each month, but most were minimum
wage and went to the 150k immigrants we brought in each month. That left nothing for the 150k new grad we
produced each year. Now, illegal immigration is down by 70% and legal
immigration like refugees, lottery and chain migrants are finally in Trump’s
gun-sights.
We need
to watch the Labor Participation Rate to track employment growth by working-age
US citizens going forward.
Norb
Leahy, Dunwoody GA Tea Party Leader
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