Job Report Headlines
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NYT: Latest Jobs Report Shows Persistent Economic Growth
WaPo: On election’s eve, economy added jobs in October
Boston Globe: US unemployment rate up to 7.9%; 171,000 jobs added in October
La Times: Jobless rate rises to 7.9%; 171,000 added to payrolls
Fox News: Report Shows Job Growth In 'Virtual Standstill'
That's classic.
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Actually Fox News in this case is a little closer to the truth, this time of year there should be larger hiring due to the upcoming holiday season, lots of temp workers are hired in Oct/Nov.
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No, not really. You don't see those bumps until next month.
Here's from the BLS report. The gains have been in the same places they've been for the last few months.
Establishment Survey Data
Total nonfarm payroll employment increased by 171,000 in October. Employment growth
has averaged 157,000 per month thus far in 2012, about the same as the average monthly
gain of 153,000 in 2011. In October, employment rose in professional and business
services, health care, and retail trade. (See table B-1.)
Professional and business services added 51,000 jobs in October, with gains in
services to buildings and dwellings (+13,000) and in computer systems design (+7,000).
Temporary help employment changed little in October and has shown little net change
over the past 3 months. Employment in professional and business services has grown by
1.6 million since its most recent low point in September 2009.
Health care added 31,000 jobs in October. Job gains continued in ambulatory health
care services (+25,000) and hospitals (+6,000). Over the past year, employment in
health care has risen by 296,000.
Retail trade added 36,000 jobs in October, with gains in motor vehicles and parts dealers
(+7,000), and in furniture and home furnishings stores (+4,000). Retail trade has added
82,000 jobs over the past 3 months, with most of the gain occurring in motor vehicles
and parts dealers, clothing and accessories stores, and miscellaneous store retailers.
Employment in leisure and hospitality continued to trend up (+28,000) over the month.
This industry has added 811,000 jobs since a recent low point in January 2010, with
most of the gain occurring in food services.
Employment in construction edged up in October. The gain was concentrated in specialty
trade contractors (+17,000).
Manufacturing employment changed little in October. On net, manufacturing employment
has shown little change since April.
Mining lost 9,000 jobs in October, with most of the decline occurring in support
activities for mining. Since May of this year, employment in mining has decreased
by 17,000.
Employment in other major industries, including wholesale trade, transportation and
warehousing, information, financial activities, and government, showed little change
over the month.
In October, the average workweek for all employees on private nonfarm payrolls was
34.4 hours for the fourth consecutive month. The manufacturing workweek edged down by
0.1 hour to 40.5 hours, and factory overtime was unchanged at 3.2 hours. The average
workweek for production and nonsupervisory employees on private nonfarm payrolls edged
down by 0.1 hour to 33.6 hours. (See tables B-2 and B-7.)
In October, average hourly earnings for all employees on private nonfarm payrolls edged
down by 1 cent to $23.58. Over the past 12 months, average hourly earnings have risen
by 1.6 percent. In October, average hourly earnings of private-sector production and
nonsupervisory employees edged down by 1 cent to $19.79. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for August was revised from +142,000 to
+192,000, and the change for September was revised from +114,000 to +148,000.
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To me the correct headlines belong to the Globe and the LA Times.
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Again, some companies use Oct 1 as the beginning of their fiscal year. I don't remember why anymore....
But 1/3 of those jobs "produced" ...were gov jobs created with our tax dollars in deficit form.
Heckbunker's ObaMao has profoundly failed in cutting unemployment, deficit, and has
encouraged our enemies abroad, and made us far, far less respectad around the world.
The rate of Israeli's supporting Romney is staggering on the side of Romney.
Obamao has sucked so badly, that he's losing the women's vote, the Jewish vote,
even some of the Dem vote. Hell, even some of the black vote.
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The Obama Administration originally predicted that the unemployment rate would be at 5.2 percent at this point in the year, but at 7.9 percent, you can see they were slightly way off.
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A VIRTUAL STANDSTILL! good...no?
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