By Kristy Scheuble
Nov. 7 (Bloomberg) -- Following is a summary of the October employment situation from the Labor Department.
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Oct. Sept. Aug. July June May 3-month
2008 2008 2008 2008 2008 2008 Average
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Unemployment rate 6.5% 6.1% 6.1% 5.7% 5.5% 5.5% 6.2%
Rate (3 decimals) 6.502% 6.125% 6.055% 5.682% 5.505% 5.492% 6.227%
Avg. hourly earnings 0.2% 0.2% 0.4% 0.3% 0.3% 0.3% 0.3%
Avg. weekly hours 33.6 33.6 33.7 33.7 33.7 33.7 33.6
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Nonfarm employment -240 -284 -127 -67 -100 -47 -217
Previous estimate n/a -159 -73 -67 -100 -47 n/a
Net Revision -179
Manufacturing -90 -56 -61 -40 -44 -21 -69
Previous estimate n/a -51 -56 -40 -44 -21 n/a
Household employment -297 -222 -342 -72 -155 -285 -287
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Oct. Sept. Aug. July June May 3-month
2008 2008 2008 2008 2008 2008 Average
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------------Monthly Change in Employment------------
Nonfarm employment -240 -284 -127 -67 -100 -47 -217
Total private -263 -243 -139 -106 -110 -99 -215
Goods-producing -132 -83 -70 -54 -86 -51 -95
Construction -49 -35 -20 -23 -50 -38 -35
Manufacturing -90 -56 -61 -40 -44 -21 -69
Service providing -108 -201 -57 -13 -14 4 -122
Trade, transport -67 -68 -47 -38 -20 -45 -61
Retail trade -38 -45 -28 -22 -8 -24 -37
Information 0 -3 -4 -9 -5 -5 -2
Financial -24 -16 -10 -7 -13 -3 -17
Business services -45 -39 -50 -23 -55 -49 -45
Temporary help -34 -28 -38 -24 -36 -36 -33
Education, health 21 -16 62 44 71 63 22
Leisure, hospitality -16 -21 -16 -24 0 -11 -18
Government 23 -41 12 39 10 52 -2
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Oct. Sept. Aug. July June May 3-month
2008 2008 2008 2008 2008 2008 Average
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----------------------Earnings-----------------------
Avg. hourly earnings $18.21 $18.17 $18.14 $18.06 $18.00 $17.95 $18.17
MOM% change 0.2% 0.2% 0.4% 0.3% 0.3% 0.3% 0.3%
YOY% change 3.5% 3.4% 3.6% 3.4% 3.4% 3.5% 3.5%
Avg. weekly earnings $611.86 $610.51 $611.32 $608.62 $606.60 $604.92 $611.23
MOM% change 0.2% -0.1% 0.4% 0.3% 0.3% 0.0% 0.2%
YOY% change 2.9% 2.8% 3.3% 3.1% 2.8% 3.2% 3.0%
--------------------Hours of Work--------------------
Total private 33.6 33.6 33.7 33.7 33.7 33.7 33.6
MOM% change 0.0% -0.3% 0.0% 0.0% 0.0% -0.3% -0.1%
Manufacturing 40.6 40.6 40.9 41.0 41.0 41.0 40.7
MOM% change 0.0% -0.7% -0.2% 0.0% 0.0% 0.0% -0.3%
Overtime 3.6 3.6 3.7 3.8 3.8 3.9 3.6
--------------------Aggregate Hours--------------------
Aggregate hours index 105.9 106.2 106.8 106.9 107.0 107.1 106.3
3-month annualized -2.6% -2.1% -1.8% -1.7% -0.9% -0.4% n/a
MOM% change -0.3% -0.6% -0.1% -0.1% -0.1% -0.4% -0.3%
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Oct. Sept. Aug. July June May 3-month
2008 2008 2008 2008 2008 2008 Average
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-----------Labor Force Status (thousands)-------------
Pool available labor 15,046 14,544 14,172 13,781 13,387 13,253 14,587
Level change 502 372 391 394 134 872 422
Augmented Unemp. Rate 9.4% 9.1% 8.9% 8.6% 8.4% 8.3% 9.1%
Civilian labor force 155,038 154,732 154,853 154,603 154,390 154,534 154,874
Level change 306 -121 250 213 -144 577 145
Participation rate 66.1% 66.0% 66.1% 66.1% 66.1% 66.2% 66.1%
Employment 144,958 145,255 145,477 145,819 145,891 146,046 145,230
Level change -297 -222 -342 -72 -155 -285 -287
Employment ratio 61.8% 62.0% 62.1% 62.4% 62.4% 62.6% 62.0%
Unemployment 10,080 9,477 9,376 8,784 8,499 8,487 9,644
Level change 603 101 592 285 12 861 432
Avg. duration (wks) 19.7 18.4 17.4 17.1 17.5 16.6 18.5
Median duration 10.6 10.2 9.2 9.7 10.0 8.3 10.0
Not in labor force 79,575 79,628 79,253 79,261 79,237 78,871 79,485
Level change -53 375 -8 24 366 -370 105
Job leavers 9.3% 10.2% 10.7% 9.8% 9.9% 10.3% 10.1%
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Oct. Sept. Aug. July June May 3-month
2008 2008 2008 2008 2008 2008 Average
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--------------------Diffusion Index--------------------
Private nonfarm 37.6 38.1 46.2 38.3 42.3 46.4 40.6
3-mo. average 40.6 40.9 42.3 42.3 44.8 46.5 n/a
Manufacturing 27.4 26.2 37.5 26.8 30.4 44.6 30.4
3-mo. average 30.4 30.2 31.6 33.9 36.7 39.3 n/a
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NOTE: All figures seasonally adjusted. Employment figures in thousands.
The augmented unemployment rate is the number of job wanters plus the number
unemployed divided by the labor force plus the number of job wanters.
To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net
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