October 2015 Employment Report

 

October 2015 Bureau of Labor Statistics (BLS) employment report states that employment rose by 271,000 jobs in the private, non-farm sector. Job gains occurred in the professional and business services, health care, retail trade, food services and drinking places, and construction.

Both the unemployment rate and number of unemployed persons remained unchanged from September at 5% and 7.9 million respectively.

BLS also reports that the October average hourly earnings for private, non-farm payrolls rose by 9 cents to make $25.20/hour. Year-over-year, the average hourly earnings have increased by 2.5% from 2014-2015. Additionally, the average hourly earnings of private-sector production and non-supervisory employees increased by 9 cents in October to make $21.18.