U.S. Job Growth Slowed To 150,000 In October; Entertainment Employment Continues To Fall Due To Strike
deadline.comThe U.S. economy added 150,000 jobs in October, much less than the previous month, while the unemployment rate ticked up to 3.9%.
While some of the biggest job losses were in manufacturing due to the auto-workers strike, the entertainment industry continued to shed employees, with the loss of 5,400 motion picture and sound recording in the sector, to 428,200, according to the Bureau of Labor Statistics.
The industry has lost 44,000 jobs since May, at least partly due to the strikes. The WGA approved a new contract earlier in the month, but SAG-AFTRA negotiations continue with studios.
In September, the jobs figures showed an unexpectedly robust rate of job gains, with 336,000 added. But the Bureau of Labor Statistics revised that figure downward, to 297,000.
Read more on deadline.com
