On Friday November 3rd the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of October.
According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for October is 4.1% DOWN from 4.2% in September and 4.4% in August. Seasonally Adjusted U-3 unemployment was 4.8% in January and 4.9% a year ago (October 2016).
The current “Unadjusted” rate is 3.9% down from 4.1% in September and 4.5% in August. Unadjusted U-3 was 5.1% in January and 4.7% a year ago (October 2016).
See: Current Unemployment Rate Chart for more info.
Seasonal adjustment provides something like a moving average leveling out the bumps due to normal seasonal variations. See: Unadjusted vs. Seasonally Adjusted Unemployment Rate for more information about Seasonal Adjustment.
According to the BLS Commissioner’s report for this month: