Post-Election Gains: 2,243,000 More People Employed in October

By Susan Jones | November 6, 2020 | 7:37am EST
A restaurant displays a "Now Hiring" sign amid the coronavirus pandemicin Arlington, Virginia. (Photo by OLIVIER DOULIERY/AFP via Getty Images)
A restaurant displays a "Now Hiring" sign amid the coronavirus pandemicin Arlington, Virginia. (Photo by OLIVIER DOULIERY/AFP via Getty Images)

(CNSNews.com) - October marked the sixth straight month of post-pandemic employment gains, as the economy added 638,000 jobs and the nation's unemployment rate dropped to 6.9 percent, a point below September's 7.9 percent and far lower than the record-shattering, COVID-induced 14.7 percent in April.

The Labor Department's Bureau of Labor Statistics counted 149,806,000 people as employed in October, which is 2,243,000 more than September's number, but 8,997,000 below the record 158,803,000 people employed in December 2019, just before the pandemic erupted.

In October, the civilian non-institutional population in the United States was 260,925,000. That included all people 16 and older who did not live in an institution, such as a prison, nursing home or long-term care facility.

Of that civilian non-institutional population, 160,867,000 were participating in the labor force, meaning they either had a job or were actively seeking one during the last month. This resulted in a labor force participation rate of 61.7 percent in October, a slight improvement from the 61.4 percent in September, but well below the Trump-era high of 63.4 percent set this past January and February.

The labor force is made up of the employed and the unemployed. The remainder -- those who have no job and are not looking for one -- are counted as “not in the labor force," and this number remains stubbornly high -- 100,058,000 in October, a slight improvement from September. This number has ranged from 103 million to 99 million since the economic shutdown. Before that, it hovered in the 94 million to 95 million range.

BLS notes that this "not in the labor force" number has been steadily increasing in recent years as more baby boomers retire, and certainly the COVID-related business closures have accelerated the increase as more people drop out of the workforce.

Contrast the October jobs report with that of February, when the United States recorded its first death from coronavirus.

In that month, the nation's unemployment rate (3.5 percent) was at a 50-year low; the labor force participation rate (63.4 percent) was at a Trump-era high; and the number of employed Americans (158,759,000) was just 44,000 shy of the all-time record set in December 2019 -- the 25th such record set under President Trump.

In October, unemployment rates declined among all major worker groups. The rate was 6.7 percent for adult men, 6.5 percent for adult women, 13.9 percent for teenagers, 6.0 percent for Whites, 10.8 percent for Blacks, 7.6 percent for Asians, and 8.8 percent for Hispanics.

Notable job gains occurred over the month in leisure and hospitality, professional and business services, retail trade, and construction. Employment in government declined.

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.