US Jobs Report October 2021

By BLS, 11/6/21 

The monthly jobs report shows jobs added in 2021 by month

531000 in October

194000 in September

235000 in August

943000 in July

850000 in June

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

4,609,000 total

The US jobs deficit for January 2021 was 9.5 million minus 4.609 million jobs added = 4.891 million deficit.

Total nonfarm payroll employment increased by 531,000 in October 2021 and the unemployment rate declined from 4.8% to 4.6%. The number of unemployed persons fell from 7.7 million to 7.4 million.

Professional and business services jobs increased by 100,000 in October. This included 41000 temp jobs. Jobs are down by 215,000 since February 2020.

Leisure and hospitality jobs increased by 164,000 in October. This included the addition of 119,000 jobs in food and drink. Jobs are down by 1.4 million since February 2020.

Education jobs decreased by 48,000 in October.  This included a loss of 43,000 jobs in K-12 public education and 22,000 state college education.  Private education added 17000 jobs. Education employment is down by 723,000 from February 2020 levels including job losses of 370,000 in K-12 government education, 205,000 in state government education and 148,000 in private education.

Health care jobs increased by 37,000 in October.  Health care employment is down by 460,000 since February 2020.

Manufacturing increased by 60,000 jobs in October.  Manufacturing employment is 270,000 below its February 2020 level.

Information jobs did not increase in October. Employment in information is down by 122,000 since February 2020.

Financial activity added 21,000 jobs in October. Employment in financial activities has returned to its February 2020 level.

Mining jobs increased by 5,000 in October. Mining employment is 87,000 below a peak in January 2019.

Retail jobs increased by 35,000 in October.  Retail jobs are down by 140,000 since February 2020.

Transportation and warehousing added 54,000 jobs in October. Jobs are up by 149,000 since February 2020.

The other services jobs increased by 33000 in October. Employment in other services remains 169,000 lower than in February 2020.

Personal Care jobs increased by 28,000 jobs in October. including child care and elder care. Social Assistance care jobs are 204,000 below February 2020 levels

Construction jobs increased by 44,000 in October. Employment in construction is 150,000 lower than in February 2020.

Wholesale jobs increased by 14,000 in October.  Employment in wholesale trade is 158,000 lower than in February 2020.

https://www.bls.gov/news.release/pdf/empsit.pdf.

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry           June       July       Aug      Sept    Oct

Hospitality       2.2M      1.7M      1.7M    1.6M    1.4M

Prof & Bus       632K      556K     468K    385K   215K

Manufacturing 481K      433K     378K    353K   270K

Construction    238K      238K     238K    201K   150K

Mining             110K      103K     103K      93K     87K

Healthcare       508K      502K     502K    524K   460K

Public Schools 582K      205K     409K    504K   575K

Pvt Schools      255K      207K     159K   172K    148K

Social Asst       236K      236K     236K    204K   204K

Media/Info       193K       172K     150K    108K   122K

Transp Whse    94K         44K       22K    +75K  +149K

Wholesale      192K        192K     192K   159K   158K

Other Svc       297K        236K     189K   189K   169K

Retail              303K        270K     285K   202K   140K

Totals          6.322M  5.575M  5.422M  4.619M 4.891M  

https://www.bls.gov/news.release/pdf/empsit.pdf

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

The Employment Situation-August 2021 (bls.gov)

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.

Over 1.5 million illegal immigrants entered the US since January 2100. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

The US Labor Force Participation Rate 2021

%     2021

61.6 October

61.6 September 

61.7 August 

61.7 July

61.6 June

61.6 May

61.7 April

61.5 March

61.4 February

61.4 January

https://tradingeconomics.com/united-states/labor-force-participation-rate

Norb Leahy, Dunwoody GA Tea Party Leader