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. 

By , Guest blogger

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    A job seeker looks at a job listing board at the East Bay Career Center in Oakland, Calif. Net private sector jobs increased 0.19% in October.
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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.

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