Paper Economy - A US Real Estate Bubble Blog

Friday, November 02, 2012

Envisioning Employment: Employment Situation October 2012

Today’s Employment Situation Report indicated that in October, net non-farm payrolls increased adding 171,000 jobs overall with the private non-farm payrolls sub-component adding 184,000 jobs while the civilian unemployment rate increased slightly to 7.9% over the same period.

Net private sector jobs increased 0.16% since last month climbing 1.79% above the level seen a year ago but remained a whopping 3.34% below the peak level of employment seen in December 2007.

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  • It is good to see some job opportunities are opening up but we need a lot more to get people back to work and earning the money they need to support themselves. Any improvement is still positive news.

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