The 2020 Mid-Year Economic Update_long

Manufacturing Employment Fell by 36,000 in October

The unemployment rate showed little changed at 3.6%.

Total nonfarm payroll employment rose by 128,000 in October, and the unemployment rate showed little changed at 3.6%, according to the U.S. Bureau of Labor Statistics. 

Manufacturing employment decreased by 36,000 in October. Within manufacturing, employment in motor vehicles and parts declined by 42,000, reflecting strike activity. Notable job gains occurred in food services and drinking places, social assistance, and financial activities.

Within manufacturing, employment in motor vehicles and parts decreased due to strike activity. Federal government employment was down, reflecting a drop in the number of temporary jobs for the 2020 Census. Employment in other major industries–including mining, construction, wholesale trade, retail trade, transportation and warehousing, and information–showed little change over the month.

See the September report here.


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