That put growth for all of 1986 at just 2.5 percent, the lowest since the 1982 recession.
Over all, the economy has added a net 14.2 million jobs since the recession ended in 1991.
The October reading was 61.3, a level not seen since the 16-month recession of 1981-82, the board said.
It was the largest increase in unit labor costs since the 1982 recession, the department said.
"I understand that since the recession, it hasn't been making any money," he said.
Good: You get a lot of house for your money since the recession.
But since the recession, almost all of that money has dried up.
They are making decisions I haven't seen since the 1977-78 recession.
But since the last recession in 1991, the cost of our product has more than doubled.
But this year, perhaps more than any other since the recession of 1974, the season's success is uncertain.