What is the jobs report for October?
Employment rates are on the rise, and America’s workforce is finding jobs. The Bureau of Labor Statistics’ latest jobs report showed 531,000 new jobs in October, and the unemployment rate dropped to 4.6%. Here are five numbers to help you make sense of the October jobs report.
What is the employment situation report?
Generally, the Employment Situation Summary report provides statistics and data on the direction of wage and employment trends — information that can be invaluable to investors.
What time jobs report released?
Schedule of Releases for the Employment Situation
| Reference Month | Release Date | Release Time |
|---|---|---|
| December 2021 | Jan. 07, 2022 | 08:30 AM |
| January 2022 | Feb. 04, 2022 | 08:30 AM |
| February 2022 | Mar. 04, 2022 | 08:30 AM |
| March 2022 | Apr. 01, 2022 | 08:30 AM |
What are the economic projections for 2021?
| Variable | Median1 | Central Tendency2 |
|---|---|---|
| 2021 | 2023 | |
| Change in real GDP | 5.5 | 2.0–2.5 |
| September projection | 5.9 | 2.2–2.5 |
| Unemployment rate | 4.3 | 3.2–3.6 |
How many jobs are available in October?
531,000 jobs
Employers added 531,000 jobs in October, a big improvement from the previous month and a sign of optimism as the latest coronavirus surge eases.
Is a recession coming?
A recession will come to the United States economy, but not in 2022. The downturn won’t come in 2022, but could arrive as early as 2023. If the Fed avoids recession in 2023, then look for a more severe slump in 2024 or 2025. Recessions usually come from demand weakness, but supply problems can also trigger a downturn.