Equitable Growth’s Jobs Day Graphs: October 2018 Report Edition

Earlier this morning, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of October. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.

1.

Prime-age employment increased to 79.7 percent, its highest level since the Great Recession.

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2.

Wage growth increased to 3.1 percent, but is still low enough to caution against tightening monetary policy.

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3.

Despite a tightening labor market on many metrics, the long-term unemployment rate is unchanged over the past month.

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4.

Care work jobs like education and health continue to have the strongest job growth, but construction and manufacturing are also converging back to pre-Recession levels.

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5.

Workers previously out of the labor force are re-entering at higher rates, continuing the long-term upward trend.

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