Please note: As of January 20, 2021, information in some news releases may be out of date or not reflect current policies.
Statement by U.S. Secretary of Labor Acosta on October Jobs Report
WASHINGTON, DC – U.S. Secretary of Labor Alexander Acosta issued the following statement on the October 2017 Employment Situation report:
“October’s jobs report shows a return to strong pre-hurricane employment growth, with 261,000 new jobs created in October and upward revisions of +51,000 jobs for September and +39,000 jobs for August. Including revisions, this month’s report reflects 351,000 additional jobs. Since January, the economy has added nearly 1.5 million jobs.
“The unemployment rate dropped again to 4.1%, the lowest since 2000. Adult male unemployment dropped 0.1% to 3.8%, and adult female unemployment dropped 0.3% to 3.6%, although teenage unemployment increased to 13.7%.
“The economy reversed much of the hurricane-related decline in leisure and hospitality. Average hourly earnings, likewise, returned to the pre-hurricane range of 2.4% annual growth; higher wage growth is needed.
“Job creators are hiring. For two quarters in a row, the economy has grown by 3% or more. Our economy is moving in the right direction, but there is more work to do. Lower taxes and a simplified tax code will create the right conditions for increased labor force participation and increased wages.”