Excellent October Jobs Report: +250,000 New Jobs, Wage Growth 3.1%…

The Bureau of Labor Statistics (BLS) releases the October 2018 jobs report and the Ju-Ju bones are jumpin’. A quarter million new jobs created, vastly exceeding all expectations. Every sector increased in jobs:

Total nonfarm payroll employment increased by 250,000 in October, following an average monthly gain of 211,000 over the prior 12 months. In October, job growth occurred in health care, in manufacturing, in construction, and in transportation and warehousing. (See table B-1.)

Health care added 36,000 jobs in October. Within the industry, employment growth occurred in hospitals (+13,000) and in nursing and residential care facilities (+8,000). Employment in ambulatory health care services continued to trend up
(+14,000). Over the past 12 months, health care employment grew by 323,000.

In October, employment in manufacturing increased by 32,000. Most of the increase occurred in durable goods manufacturing, with a gain in transportation equipment (+10,000). Manufacturing has added 296,000 jobs over the year, largely in durable goods industries.

Construction employment rose by 30,000 in October, with nearly half of the gain occurring among residential specialty trade contractors (+14,000). Over the year, construction has added 330,000 jobs.

Transportation and warehousing added 25,000 jobs in October. Within the industry, employment growth occurred in couriers and messengers (+8,000) and in warehousing and storage (+8,000). Over the year, employment in transportation and warehousing has increased by 184,000.

Employment in leisure and hospitality edged up in October (+42,000). Employment was unchanged in September, likely reflecting the impact of Hurricane Florence. The average gain for the 2 months combined (+21,000) was the same as the average monthly
gain in the industry for the 12-month period prior to September.

In October, employment in professional and business services continued to trend up (+35,000). Over the year, the industry has added 516,000 jobs.

Employment in mining also continued to trend up over the month (+5,000). The industry has added 65,000 jobs over the year, with most of the gain in support activities for mining.

In October, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $27.30. Over the year, average hourly earnings have increased by 83 cents, or 3.1 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 7 cents to $22.89 in October. (more data)

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This entry was posted in Donald Trump, Economy, Election 2018, energy, media bias, President Trump, Trade Deal, Transportation, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

67 Responses to Excellent October Jobs Report: +250,000 New Jobs, Wage Growth 3.1%…

  1. sundance says:

    Liked by 18 people

  2. Pam says:

    You know the dems ain’t happy about this.

    Thank you Mr. President for all of this winning!

    Liked by 7 people

  3. More Covfefe Please says:

    As I remember, it was in the 60s when I was in college that the news people said 3.5% unemployment under Johnson was so low that economists said it could not go lower because of people transitioning between jobs.

    Of course, the media then would acknowledge such things.

    Liked by 3 people

    • BillRiser says:

      Kennedy brought that unemployment rate down Not Johnson. Johnson brought us VietNam and The Civil Rights Act which I believe that is when we starting making illegals born in US Citizens.

      Liked by 4 people

      • gerkmonster says:

        No. The immigration act of 68 did that

        Liked by 2 people

      • lemmus1 says:

        …yes and no …Truman sent MilitaryAdvisors in ’50 along with a lot of hardware to help the failing French effort to keep their colony …Eisenhower escalated our support of the surviving South Vietnam regime in ’55 …Kennedy upped that in ’61 with an initial deployment of 400 Green Berets and directed the CIA to train and support major subversive efforts by the South on North Vietnam …Johnson put the first dedicated combat troops there in ’65 …when I was drafted straight out of HS in ’64, everyone knew ‘Nam was coming …people were burning their draft cards as early as ’63/64

        …iirc the ’64 Civil Rights Act had no impact on the birthright citizenship issue

        Like

    • Ghost says:

      I remember that also, in fact I recall 4% was considered full employment back then. At least that was what college econ taught at the time.

      Liked by 2 people

    • Ausonius says:

      Yes, my wife and I heard the same things in college: 3.5% unemployment could not be beaten, because there was basically constant flux at that level of people freely changing jobs.

      We shall see!

      Liked by 1 person

  4. sundance says:

    Liked by 11 people

  5. Bruce Fauth says:

    The Job report four days before the election. IMHO this is a big knife into the heart of the Dems hopes of taking the House.

    Liked by 9 people

  6. @ChicagoBri says:

    I wonder if this will make either the nightly network news or the Sunday news shows?

    Liked by 3 people

  7. Gunner says:

    “….but, but, but Trump. ” And, Schumer’s response to this? ‘…May look good’, but the ‘tax cut ballooned the deficit’….blah, blah, blah.

    Our almighty God, p!ease rid us of this leftist stain on our nation, and raise up righteous men and women to help lead us forward, always keeping true to You. Amen!

    Liked by 7 people

    • ibobland08 says:

      I’m still concerned about the deficit. That being said, we have a deficit due to spending, not the tax cuts.

      Liked by 3 people

      • michaelhamblin says:

        A spending problem, not a revenue problem! Remember that cabinet meeting where Trump directed every government agency to cut their spending by 5%? Remember how it was just after more Fed action increasing rates? I’m confident he knows and is getting out in front of it. 5% is a huge for the executive to require of agencies, and a non-arbitrary amount. I suspect Mnuchin and team advised him on what they needed to make other targets.

        Liked by 4 people

      • Gunner says:

        I don’t disagree…it is way too high. But, maybe — just maybe — we can assist POTUS in reducing it by giving him a stronger Senate and keeping the House. Then, he and we can begin ridding the swamp of some of those ‘spending’ pols (D’s and Rs). Gotta start somewhere. The President is guiding that train, but we have to help him keep it on the rails.

        Liked by 4 people

  8. donnyvee says:

    I’m not sure how many folks are wedded to voting for democrats but there is no way that this report does anything but help republican candidates.

    Liked by 4 people

    • Elizabeth Carter says:

      Donnyvee, As the Clinton Campaign said in 1992, “It’s the economy. stupid”

      Liked by 3 people

      • Julia Adams says:

        I agree with you, but my concern is traditional voting norms do not matter in this election. The unemployment rate could be at zero and it wouldn’t matter a bit to these progressives. The Democrats are rabidly running on emotion: anger and hatred.
        1) Hatred of Trump
        2) Hatred of Capitalism
        3) Abolish ICE, all immigration laws and open the borders

        Liked by 4 people

    • Pedro Morales says:

      I hope. Local newspapers, local TV news, and talk radio get the message out. WAPO has 1 million subs, CNN less than 1 million viewers. Fox have 3 million viewers, Rush 14 million. Fingers crossed.

      Liked by 3 people

  9. Pedro Morales says:

    Gimme some good news about keeping the House. I have a bad feeling….

    Like

    • Kalbo says:

      Stop watching MSM, which includes Fox. They lie or simply don’t report all the goodness we are enjoying with President Trump running the Country.

      We’ll keep the House. Rat bastard MSM BS polls are as accurate as they were in 2016. they never learn.

      Liked by 4 people

    • Arrest Soros says:

      One of the rare times a sitting president kept his numbers in the house was 1998.
      The consensus was the booming Clinton economy helped the Demonrats keep their numbers in the house (it was during the dot com boom and China was not yet in the WTO)
      Booming economy today. Relax, we’ll keep the house by at least 5 seats if not more.

      Liked by 1 person

  10. talker2u says:

    “Now the stores are going to be more crowded!”
    — Debbie Downer Democrat

    Liked by 5 people

    • Judith says:

      Black Friday stampedes! Dogs and cats living together! Reeeeeeeeee

      Liked by 3 people

      • GB Bari says:

        “Old Testament. Real Wrath-of-God type stuff!
        Fire and brimstone coming down from the skies! Rivers and seas boiling!
        40 years of darkness! Earthquakes, volcanoes!
        The dead rising from the grave!
        Human sacrifice, dogs and cats living together, mass hysteria!”

        Like

    • Pedro Morales says:

      WAPO- “Demand at food shelters down. Shelters forced to rent buildings to store excess food pushing up Real Estate rents citywide.”

      Liked by 3 people

  11. A real successful capitalist has turned the country around in record time in the wake of a failed wannabe socialist – a guy the left talked themselves into believing was their progressive / democrat messiah of color – and it’s making them insane.

    I’m enjoying this immensely.

    Liked by 4 people

  12. SHV says:

    Re-post….Have the final revisions of Q2 GDP/economic data been released? I thought that I had read a few months ago that those data were to be released just before the mid-term elections and projected to be revised up. Did I miss the release or am I “mis-remembering”? :>)

    Like

  13. allhail2 says:

    Funny how the Dems don’t touch anything economy related with a 10ft pole. Yet, we were lectured to accept the “new normal” of 1%.

    Liked by 6 people

    • BillRiser says:

      Those experts who told us Obama’s two percent growth was not Obama’s fault because it was the “new normal,” the experts who told us four percent growth was impossible, the experts who told us Obama had reached full employment — you know, those experts who are not paid to be experts, but to tell the left-wing media what they want to hear.

      “DON’T BE FOOLED AGAIN”

      Liked by 3 people

  14. not2worryluv says:

    I’d be curious how many of these new jobs also included healthcare benefits, 401K plans and paid vacation?

    Wages are going up and I would bet the benefits are as well.

    MAGA is hard to challenge give actual facts, which of course the MSM and DEMS will never concede to.

    Prayers up for the Red Tsunami on Tuesday!

    Liked by 3 people

    • prenanny says:

      I can speak about my new job as am one of the October new hires.
      Yes it included healthcare benefits which I have until the 17th to decide if I want or not.
      Vacation time, personal time and other assorted time off. 401K and a few others I have forgotten about. A very healthy hourly rate which is 5.50$ more per hour than the job I had prior.

      Liked by 6 people

  15. 335blues says:

    Why would anyone but a hardcore marxist
    vote for any candidate of the marxist
    democrat party?
    It’s the border wall and the economy, stupid.

    Liked by 1 person

  16. Rush was talking about a pollster named Charlie cook! (Never heard of him). Apparently the pollster guru! He said yesterday that even if unemployment hits 0% and economy booms he ad his family will think of only “Trump”while they vote for democrats!

    That’s how much hatred driven left wingers are!

    Liked by 3 people

    • scrap1ron says:

      No one loves socialism quite like the moron who has never lived it up close and personal. Sorry Charlie, but isn’t it nice to know you have choices to fall back on like Cuba, Venezuela, Argentina,etc…

      Liked by 2 people

      • Ausonius says:

        I know several Russian and Ukrainian immigrants, now U.S. citizens, who will be glad to delineate why they escaped to America and why they now loathe Bernie Sanders and the other idiots (Ocasio-Cortez, Beto, etc.) pushing “New Wave Socialism.”

        Like

      • Bert Darrell says:

        Argentina is not (and never was) a marxist country and does not have a marxist government. Please, inform yourself before misleading others.

        Like

  17. GO…..VOTE…..GO…..VOTE…..GO…..VOTE !!!
    ~Because—>We in the MONEY, We in the MONEY~

    Like

  18. thedoc00 says:

    Great numbers for Mainstreet. Now if the Major Hedge Funds would quit whipsawing the market for political reasons, the full impact of the recovery in the US would be felt across the board.

    Liked by 1 person

  19. notunderwhelmed says:

    This man is busting his butt for our republic and we the people.
    As Bobby Knight says, “Go get ’em, Donald!”
    I say,” Come on, go get ’em patriots!”
    Vote people, vote!
    Keep his policies flowing.
    Drain the damn swamp!
    🇺🇸🐸🇺🇸🐸🇺🇸🐸🇺🇸🐸🇺🇸🐸🇺🇸🐸🇺🇸

    Like

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