Commissioner's Statement on the Employment Situation News Release - 2022 M10 Results — 2022-11-04

Nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7 percent. Notable job gains occurred in health care, professional and technical services, and manufacturing. Monthly job growth has averaged 407,000 thus far in 2022, compared with 562,000 per month in 2021. Health care added 53,000 jobs in October, with growth in ambulatory health care services (+31,000), nursing and residential care facilities (+11,000), and hospitals (+11,000). So far in 2022, health care employment has increased by an average of 47,000 per month, compared with 9,000 per month in 2021. In October, professional and technical services added 43,000 jobs. Employment continued to trend up in management and technical consulting services (+7,000), architectural and engineering services (+7,000), and scientific research and development services (+5,000). Job growth in professional and technical services has averaged 41,000 per month thus far in 2022, compared with 53,000 per month in 2021.