Industry Payroll Employment (Establishment Survey Data)
Total nonfarm payroll employment increased by 337,000 in October to 132.0 million, seasonally adjusted. This followed job gains of 139,000 in September and 198,000 in August (as revised). Over the month, there was a large job gain in construction as well as notable increases in several service-providing industries. Since August 2003, payroll employment has risen by 2.2 million.Boosted by cleanup and reconstruction efforts in hurricane-affected areas of the Southeast, employment in construction increased by 71,000 in October. The construction industry has added 355,000 jobs since its most recent low in March 2003. Most of the October employment gain in construction occurred among specialty trade contractors (54,000) ; employment also rose in construction of buildings (11,000).
Professional and business services employment rose by 97,000 in October, with temporary help services accounting for about half of the increase (48,000). Since April 2003, temporary help services has added 397,000 jobs. In October, employment in architectural and engineering services rose by 8,000.
Employment in education and health services grew by 62,000 in October, with gains of 22,000 in educational services and 41,000 in health care and social assistance. The large increase in health care and social assistance followed a relatively small gain in September (10,000). Taken together, employment growth over the 2 months was in line with the trend over the past year. October job gains occurred in ambulatory health care services (22,000), hospitals (6,000), and social assistance (11,000).
Financial activities employment increased by 17,000 over the month, and has risen by 113,000 since the beginning of the year. The securities, commodity contracts, and investments industry added 8,000 jobs in October, as did the credit intermediation industry.
Within government, local education added 32,000 jobs in October and has increased by 124,000 over the past 12 months.
Manufacturing employment was about unchanged in October and has shown little change since May. Manufacturing added 82,000 jobs over the February through May period.
Retail trade employment was little changed overall in October (+21,000) ; its electronics and appliance stores component gained 7,000 jobs. Retail trade has added 188,000 jobs since its recent low in December 2003. Wholesale trade employment was about unchanged in October.
