Saturday, November 3, 2012

October Data Show Stronger Labor Market as Workers Return and Part-Time Work Falls

The October jobs figures released today by the BLS showed a stronger U.S. labor market. The unemployment rate edged up by 0.08 percentage points, just enough to raise the headline rate from 7.8 to 7.9 percent. However, a look at the underlying data showed that the uptick in the headline rate was a “good” increase of the kind that we often see  as previously discouraged workers return to a strengthening labor market.

The labor force increased by 578,000 workers in October. The number of employed persons, as measured by the household survey from which these data come, increased by 410,000.>>>Read more

Follow this link to view or download a classroom-ready slideshow with charts of the latest jobs data

No comments:

Post a Comment

Post a Comment