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Job Market UpdateU.S. Economic Data

Reflective of the Bureau of Labor Statistics “The Employment Situation – October 2015”

As of November 2015

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Overview of “The Employment Situation”

• The October report showed an overall monthly gain of 271,000 jobs – a whopping 40,000 more jobs than the 12-month average of 230,000 per month.

• The unemployment rate dropped slightly to 5.0%

• Revisions to prior months:- The August number was revised from +136,000

to +153,000- The September number was revised from

+142,000 to +137,000- That’s a total of 12,000 more jobs than was

previously reported

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271,000 new jobs added in October

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* Numbers are seasonally adjusted. Source: BLS

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Employment in October

• Number of unemployed persons is down by 1.1 million, year-over-year

- Unemployment dropped to 5.0%, the lowest since April, 2008.

- The number of long-term unemployed was little changed at 2.1 million.

- The number of involuntary part-time workers decreased by 269,000 in October.

- Discouraged workers in October increased by 11,000

- Average hourly payrolls increased by 9 cents, to $25.20

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JOBS GAINED IN OCTOBER

UNEMPLOYMENT RATE

271,000

5.0%

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Industry Breakdown

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Source: BLS

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Industry Breakdown

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Employment in total nonfarm

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* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, September 2015

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State & Regional Report – September 2015

• State and Regional unemployment rates were little changed in September.

• 37 states reported an increase in employment from the prior month, plus the District of Columbia, while six states reported decreases and seven states reported no change.

- Over the year, 46 states and the District of Columbia have reported increases

• The Midwest had the lowest regional unemployment rate at 4.5% (falling from 4.6%), and the West had the highest unemployment rate at 5.6% (falling from 5.7%).

• Texas (+26,600), New York (+12,000) and Georgia (+9,100) reported the most significant over-the-month employment increases in September.

• Missouri (-16,500), Pennsylvania (-16,400) and Michigan (-9,800) had the greatest decrease in employment in September.

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State and regional employment data from previous month. Source: BLS

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Northeast Division – September 2015

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State and regional employment data from previous month. Source: BLS

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South Division – September 2015

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State and regional employment data from previous month. Source: BLS

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Midwest Division – September 2015

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State and regional employment data from previous month. Source: BLS

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West Division – September 2015

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State and regional employment data from previous month. Source: BLS