Our journalists break down the numbers of jobs.

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10:16 am

Ben Casselman

What we don’t see is a sharp increase in the number of people leaving the sideline, either to look for work or to take a job. Both increased in October, but not the kind of flooding many employers were hoping for.

9:37

Talmon Joseph Smith

Amid all the good news on Jobs Day, the black unemployment rate remains stuck at 7.9%.

9:14

Ben Casselman

Want a sign that the economy is returning to normal? The share of people working from home due to Covid fell to a pandemic low of 11.6% in October. Resumed its decline after stalling during the Delta wave.

9:08 am

Talmon Joseph Smith

“Over the past 25 or even 30 years, work has been dragging its heels and losing its share of the economic pie,” Mark Zandi, chief economist at Moody’s Analytics, told me. “But that dynamic is now changing.”

9:03

Ben Casselman

The big picture: We’re still down about 4.2 million jobs from our pre-pandemic level.

8:53

Ben Casselman

Average earnings rose another 11 cents an hour in October. Up $ 1.44 from a year ago. In recreation and hospitality, in particular, hourly earnings rose 18 cents in October, up $ 1.92 from a year ago.

8:53

Neil Irwin

Wow, huge positive reviews for August and September. Together, + 235k jobs for the two months.

8:51

Jeanne Smialek

Participation in working age has increased, but only slightly. Why is this important? The Fed is uncertain when and to what extent these numbers may recover. This will be a huge question as they try to figure out what “full employment” means these days.

8:51

Jeanne Smialek

Good job numbers overall, but the labor market participation rate is still not improving. “Unchanged at 61.6% in October and remained in a narrow range of 61.4% to 61.7% since June 2020.”


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