US Economy

Here's where the jobs are — in one chart

Key Points
  • U.S. Department of Labor announced the net job changes by industry for October.
  • Leisure and hospitality industry had the largest net job gain during the month.
Goldman’s top economist weighs in on Friday’s jobs report

The U.S. economy created 261,000 jobs in October as the economy rebounded from hurricane-related disruptions. But as always, there are industries that are doing better or worse in terms of employment each month.

Here are the net changes by industry for the month of October.

The leisure and hospitality industry was the big employment-gain leader for the month. The government explained the rebound as an after-effect of the recent hurricanes.

"Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey," the Bureau of Labor Statistics said Friday.

The professional and business services industry added 50,000 jobs in October, which is roughly the average monthly gain in the previous 12 months, according to the government agency.

Manufacturing jobs increased by 24,000 with gains from computer electronics, chemicals and fabricated metals companies. The government noted 156,000 total manufacturing jobs were added since November 2016.

Health care was also a bright spot in the report, gaining 22,000 jobs in the month. The industry has added 24,000 jobs on average per month so far this year versus the 32,000 average rise last year.

On the flip side, the retail industry suffered the biggest job losses as the sector continues to lose market share to e-commerce companies like Amazon.

WATCH: Demand for truckers stays strong, per LinkedIn

Demand for truckers stays strong: LinkedIn editor-in-chief
Related Tags