October Employment Situation Report: Better than September, still worse than 2007
Net private sector jobs increased in October climbing 2.10% above the level seen a year ago but remained below the peak level of employment seen in December 2007, according to the latest Employment Situation Report.
The latest Employment Situation Report indicated that in October, net non-farm payrolls increased by 204,000 jobs overall with the private non-farm payrolls sub-component adding 212,000 jobs while the civilian unemployment rate increased slightly to 7.3% over the same period.
Net private sector jobs increased 0.19% since last month climbing 2.10% above the level seen a year ago but remained 0.84% below the peak level of employment seen in December 2007.
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 paper-money.blogspot.com.