{"id":1004158300,"date":"2016-11-04T06:07:32","date_gmt":"2016-11-04T14:07:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158300"},"modified":"2022-12-05T03:52:18","modified_gmt":"2022-12-05T11:52:18","slug":"economy-watch-middling-job-creation-in-october","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/","title":{"rendered":"Economy Watch: Middling Job Creation in October"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004158302\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004158302\" data-attachment-id=\"1004158302\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/bls-job-creation-1016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg\" data-orig-size=\"424,322\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1478253858&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"BLS job creation 1016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bureau of Labor Statistics, October 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg?w=424\" class=\"size-medium wp-image-1004158302\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg\" alt=\"Bureau of Labor Statistics, October 2016\" width=\"300\" height=\"228\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg 424w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg?resize=300,228 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004158302\" class=\"wp-caption-text\">Bureau of Labor Statistics, October 2016<\/p><\/div>\n<p>Total U.S. payroll employment rose by 161,000 in October, according to the <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics<\/a> on Friday. That&#8217;s not a bad performance, but not a stellar one either, especially when compared with last year. So far in 2016, employment growth has averaged 181,000 per month, while in 2015, the increase averaged 229,000 each month.<\/p>\n<p>Even so, there was job growth in October in some industries that drive office and other space absorption. For the month, employment continued to trend up in professional and business services, as well as financial activities, both categories important to the office market. Hiring in health care continued to grow as well.<\/p>\n<p>Employment in professional and business services rose by 43,000 in October, and has risen by 542,000 in the last 12 months. Employment in financial activities was up 14,000 for the month. Health care job growth in October added 31,000 positions; over the last 12 months, the industry, which is taking more former retail space than it used to, has hired a net of 415,000 people.<\/p>\n<p>Employment in other major industries, including mining (which includes the oil industry) construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, leisure and hospitality, didn&#8217;t change much in October. Neither did government hiring at all levels.<\/p>\n<p>The headline unemployment rate was 4.9 percent in October, compared with 5 percent a month ago and 5 percent a year ago, according to the BLS. The bureau&#8217;s more comprehensive U-6 unemployment rate was 9.5 percent for the month. A year ago, the U-6 was 9.8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While not a stellar performance for the month, job growth was particularly strong in some industries driving office and retail space absorption. <\/p>\n","protected":false},"author":1023,"featured_media":1004158302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004158300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Watch: Middling Job Creation in October - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Middling Job Creation in October\" \/>\n<meta property=\"og:description\" content=\"While not a stellar performance for the month, job growth was particularly strong in some industries driving office and retail space absorption.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-04T14:07:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T11:52:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/BLS-job-creation-1016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"424\" \/>\n\t<meta property=\"og:image:height\" content=\"322\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-middling-job-creation-in-october\/\",\"name\":\"Economy Watch: Middling Job Creation in October - 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