Job growth continued to rise in October

Private sector hiring remained robust in October, as more than 100,000 new jobs were added to the national economy for the fourth consecutive month, providing further evidence that economic recovery is continuing at a steady pace.

According to the BLS’ “The Employment Situation – October 2012” report, 171,000 jobs were generated last month, once again exceeding economists’ projections. Prior to the release of the report, many economists expected 125,000 new jobs would be created.

However, some economists’ predictions regarding unemployment rate were precise, as the national jobless rate rose slightly, climbing from 7.8 to 7.9 percent. But, unlike other months, October’s rate hike may have been a direct result of another positive statistic – the nation’s civilian labor force increased by 578,000, indicating that Americans are not only returning to work, but discouraged workers are once again seeking employment after taking extended breaks from their job searches.

In fact, the total number of discouraged workers declined by 154,000 from October 2011 to October 2012 with the employment-population ratio rising to 58.8 percent, its highest level since August 2009. Furthermore, the total number of Americans employed part-time for economic reasons dropped by 269,000 last month, signifying that full-time employment is rising.


Although creation stalled during the second quarter, employment has steadily increased throughout the last four months. Since July, the economy has generated an average of 173,000 new jobs per month – an increase of 106,000 jobs, when compared to the second quarter’s monthly job creation average.

In addition, the BLS reported that job creation was much higher in August and September than originally thought. August’s total job creation rose considerably, from 142,000 to 192,000, as did September’s, climbing from 114,000 to 148,000.

New jobs have now been added to the national economy for 25 straight months. Since January, an average of 157,000 jobs have been generated on a monthly basis; to compare, 153,000 jobs were created per month in 2011.

Although wages remain low, average hourly earnings have risen throughout the past year, climbing by 1.6 percent, to $23.58. Additionally, according to the Department of Commerce, real gross domestic product (GDP) upturned at an annual rate of two percent during the third quarter, a slight improvement from the second quarter’s GDP increase of 1.3 percent.


  1. A very warm welcome from pdf ebooks site. Download or read pdf ebooks for free on your iPhone, iPad, iPod, Samsung, HTC, BlackBerry, Nokia or any other smartphone that supports pdf format. free pdf ebooks download site contains billions of high quality pdf ebooks, documents and manuals.

  2. i actually havee only two couples ! short proverb & bailey mouse chocolatee & i enjoy cheap wow gold < Many . they can continue to keep myself designer along with good throughout the working day ! at this time there worth the capital ! we plann to receive country blue or even a pink pair at a couple monthss . : )

  3. Thanks for your personal marvelous posting! I definitely enjoyed reading it, you
    could be a great author.I will always bookmark your blog and will
    often come back in the foreseeable future. I want to encourage you
    continue your great job, have a nice day!

    Also visit my page; garcinia cambogia free trial 4.95 (Noemi)

  4. When I originally commented I appear to have clicked the
    -Notify me when new comments are added- checkbox and now every time a comment
    is added I receive 4 emails with the same comment.
    There has to be a way you are able to remove me
    from that service? Appreciate it!

    Also visit my web-site garcinia cambogia colon cleanse free
    trial (Lesli)

  5. Shannon has the closest Int’l airport to Connemara.

    But a little practice and you’ll pick it up quickly.
    Their goal became blurred and they wanted to go back to Seattle, eat
    some good Italian food, be with the family.

  6. Perhaps the depression was getting the better of me, and I
    felt helpless to prevent it. Clements Stone who was a self-made multimillionaire teaching a course called the Achievement Motivation Program—how do you motivate people to
    achieve more. Knowing when and more importantly, when not to step on the Gas is an integral part of Learning to Drive.

  7. After exploring a feԝ ߋf thе blog posts on youг website, I honestly appгeciate ƴour way of writing a blog.
    ӏ added it to my bookmark webpage list аnd will be checking Ƅack soߋn. Pleasе check out my web site аs well and lеt
    me know youг opinion.

    Feel free to surf tо my web site – 150worth.сom (Brooks)

  8. In less than five minutes I was out the door again with my backpack in place and
    heading down to the lobby to hand in the keycard.
    You sit up a little straighter and glance toward the driver’s side
    window. Following an assortment of nuts and a few vitamin pills for breakfast, I set to the uncomfortable task
    of dismantling camp.

  9. Just stop in on An Open Track Day, it is the opportunity for you to drive your car or bike on the racetrack.
    Ireland is the envy of Europe when it comes to discussions of economic progress; without doubt our Learner Driving and
    Driving Test regime has to be the absolute pits and it is going to take
    a mammoth effort to bring about any improvement in the situation.
    I knew that brushing the teeth had something to do with removing plaque that built up on the teeth, which
    led to cavities and tooth decay, and all that kind of horrible stuff.

  10. Fantastic ǥoods from yoս, man. I’vе understand your stuff ρrevious tо and ʏou are ϳust too fantastic.
    ӏ reallү liҡе what үou have acquired hеre, гeally like wҺɑt yօu are ѕaying аnd the way in which you
    ѕay it. Yoս make іt enjoyable ɑnd yоu ѕtill
    take care ߋf to ҟeep it wise. I cаn’t wait tօ read
    fаr more from you. Ƭhіѕ is actually a wonderful

    Check օut my web site – tochmash-progress.Ru

  11. org, has helped more than three million guests find out
    about Vo – IP providers by means of the web site, which compares tons of of residential and enterprise providers.
    Hosted Vo – IP service also provides voicemail as part of the basic service.
    Vo – IP companies such as Vocalocity allow you to build your own plan, adding on metered,
    unlimited, and virtual extensions at your own discretion, while other Vo
    – IP providers like Jive provide you with set tiers based on the number of
    extensions you need.

  12. Apart from controlling the diet, you will also need the involvement of proper sports.
    These will give long lasting energy and help to keep you
    fuller longer. Whatever your experience, the truth is that these and many other popular
    diets are not always your safest choice if you want to lose weight.

    Also visit my page perdida de peso, Hiram,

  13. Afteг checking օut a few of the blog posts on your blog, I sеriously apprеciate yοur technique
    of blogging. I bookmarked it tο my bookmark webpage list аnd ѡill bе
    checking back soon. Please check out my web site tоo and
    let me know what үou think.

    Alѕо visit my blog … cermakfreshmarket.ϲom (Fleta)

  14. Grеetings fгom Ohio! I’m bored tο tears at ԝork so
    I decided to check ߋut уour website on my iphone dսring
    lunch break. І really like the infoгmation yoս presеnt here and can’t
    wait to take ɑ looқ whеn I ǥet home. I’m shocked
    at how quick yօur blog loaded ߋn my phone .. Ι’m not еνеn using WIFI,
    јust 3G .. Anyѡays, superb site!

    Feel free tߋ surf tօ mу blog … abactalent.сom – Eleanor,

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>