Friday, November 04, 2011

Jobs Report, The Employment Situation October 2011


Nonfarm payroll employment continued to trend up in October (+80,000),and the unemployment rate was little changed at 9.0 percent, the U.S. Bureau of Labor Statistics reported today.

All American Investor
Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining.Government employment continued to trend down.

Both the number of unemployed persons (13.9 million) and the unemployment rate (9.0 percent) changed little over the month. The unemployment rate has remained in a narrow range from 9.0 to 9.2percent since April.


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Establishment Survey Data

Total nonfarm payroll employment continued to trend up in October (+80,000). Over the past 12 months, payroll employment has increased by an average of 125,000 per month. In October, private-sector employment increased by 104,000, with continued job growth in professional and business services, leisure and hospitality, health care, and mining. Government employment continued to contract inOctober. (See table B-1.)

Employment in professional and business services continued to trend up in October (+32,000) and has grown by 562,000 over the past 12 months. Within the industry, there have been modest job gains in recent months in temporary help services and in management and technical consulting services.

Read the detail report at the Bureau of Labor Statistics.





Original content Bob DeMarco, All American Investor