Posts Tagged ‘ jobs ’

Employment Report – October

November 4, 2011
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Employment Report Details:

  • Unemployment rate stable at 9.0% (down from 9.1%)
  • Solid private sector job creation: 80k jobs in October
  • ┬áSeptember revised up from 137k to 191k
  • Government sector still contracting: 24k net job losses
  • Professional services, which are forward looking: +32k
  • Household Survey job creations: +277k (though this includes part time)
  • Growth in average hourly earnings: +1.8%
  • Employment-Population ratio: improved by one tenth to 58.4
  • Hours worked stable: 34.3 hours per week

No evidence we are in a recession

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Employment Report Observations

October 7, 2011
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  • 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

 

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