Connect with us

Headlines

Job Creation Cools in the U.S.

Employment in retail sector essentially flat in October.

mm

Published

on

Job Creation Cools in the U.S.
Employment in the retail sector was virtually unchanged in October. PHOTOGRAPHY: monkeybusinessimages/iStock.com

Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reports. The report noted that employment in the retail sector remained flat again this month, while the biggest job gains occurred in health care, government and social assistance. (Employment declined in manufacturing due to strike activity in the auto sector.)

The latest job-creation statistic reflects a cooling in the jobs sector, as it’s well below the average monthly gain of 258,000 over the prior 12 months.

The bureau noted that it has also revised downward the job-creation numbers for the prior two months. Specifically, the change in total nonfarm payroll employment for August was revised down by 62,000, to a gain of 165,000, and the change for September was revised down by 39,000, to an uptick of 297,000. (Such revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors, the bureau notes.)

“It’s still a robust [jobs] market,” Ger Doyle, a senior vice president with ManpowerGroup, told CNN. “Overall, it’s stabilization coming back into the market. So, it’s solid and yet cooling.”

The bureau’s monthly findings are derived from two surveys:

  • A household survey, which measures labor force status, including unemployment, by demographic characteristics.
  • An establishment survey, which measures nonfarm employment, hours and earnings by industry.

Click here for the bureau’s full report.

Advertisement

Advertisement

SPONSORED VIDEO

Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success

After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone. Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently. The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular