Employment Report Observations

October 7, 2011
  • Unemployment rate stable at 9.1%
  • Solid private sector job creation: 137k jobs
  • Government sector contracting: 34k net job losses
  • Temp workers, which are forward looking: +48k
  • Household Survey job creations: +398k (though this includes part time)
  • Growth in average hourly earnings: +1.9%
  • Employment-Population ratio: improved by one tenth to 58.3
  • Hours worked improved by one tenth to: 34.3 hours per week

No evidence we are in a recession


Share Button

Tags: , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Search CJ’s

Friends of CJ’s

Since Sep 2011

Contact CJ’s