Job Creation In The United States At Last?

by Stephan Smith on November 8, 2010

Check out the latest United States Employment analysis.

Surprising economists the world over, the United States added 151,000 jobs total to its non-farm payrolls in October 2010 according to the Bureau of Labor Statistics. The private sector grew by 159,000 jobs and the government sector contracted by 14,000 jobs. Unfortunately, the unemployment rate remained stable at 9.6 percent.

Thought the unemployment rate remained stable, the report from the Bureau of Labor Statistics was very optimistic and with the second around of quantitative easing just announced by the Federal Reserve, I can only hope that the employment situation continues to improve.

“Since December 2009, non-farm payroll employment has risen by 874,000.”

- Employment Situation Summary –

The private sector has experienced some great growth since the crisis, though not at the pace the U.S. nor the FED are comfortable with.

“…since December 2009, employment in the private sector has risen by 1.1 million.”

- Employment Situation Summary –

I am very happy to see this employment report. Hopefully it will be the start of a new trend with consistent employment growth; hopefully the employment growth occurs primary in the private sector.

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