Private sector jobs are up! But that's not the whole story...
New government report shows that private sector jobs are up, but public sector jobs nosedived, leading to a net loss of almost 100,000 jobs in September 2010.
Today’s Employment Situation Report showed that net nonfarm payrolls declined 95,000 while private nonfarm payrolls added just 64,000 and the unemployment rate stayed flat at 9.6%.
It's important to note that private sector jobs appear very weak increasing only .06% since last month (far slower than the rate of increase of the civilian workforce) and remaining a whopping 6.58% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a second notable increase.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.