Job Market Update: Food & Beverage sector was #1 in Job Growth in October

Job-Market-Today

In October, the United States generated 214,000 new jobs, slightly less than last month’s gain of 256,000. The unemployment rate declined by 0.1 percentage point — dropping from 5.9 percent to 5.8 percent – which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate and number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively.

Revised numbers from past months were released, showing that both August and September experienced combined growth of 31,000 more than previously reported. The September payroll number was revised from +248,000 to +256,000 and the August number was revised from +180,000 to +203,000. That makes a combined 31,000 more jobs than initially reported. This year, the only month that saw fewer than 200,000 new jobs was January.

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Job Market Update: Latest Metro and Regional Unemployment Data

BLS-regional-metro-data-on-BLS-employment-reportThe U.S. Bureau of Labor Statistics released its October 2014 unemployment report, showing an overall monthly gain of 214,000 jobs. This number is lower than what economists expected, but not bad considering the average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000. In total, since the beginning of the year nearly 2.3 million jobs have been added to the US economy.

The unemployment rate also declined by 0.1 percentage points, dropping from 5.9 percent to 5.8 percent, which is the lowest rate we’ve seen since September, 2008.

Regional and State Report

Looking to the BLS’ latest “Regional and State Employment and Unemployment” report, both regional and state unemployment rates saw little change in the United States during the month of September. 31 states had unemployment rate decreases from August, eight states had increases, and 11 states and the District of Columbia had no change. 42 states and the District of Columbia had unemployment rate decreases from a year earlier, five states had increases, and three states had no change.
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Job Market Update: U.S. Economy on Track to Have Best Job Growth Since 1999

Job-Market-TodaySource: The U.S. Bureau of Labor Statistics “The Employment Situation – October 2014″ 

October marks another positive month for non-farm payroll employment. The U.S. Bureau of Labor Statistics released its October 2014 unemployment report, showing an overall monthly gain of 214,000 jobs. This number is lower than the 230,000 that economists expected, but not bad considering the average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000. In total, since the beginning of the year nearly 2.3 million jobs have been added to the US economy.

The unemployment rate also declined by 0.1 percentage points, dropping from 5.9 percent to 5.8 percent, which is the lowest rate we’ve seen since September, 2008.

Revisions to prior months show that both August and September experienced more growth than was previously reported. The September payroll number was revised from +248,000 to +256,000 and the August number was revised from +180,000 to +203,000. That makes a combined 31,000 more jobs than initially reported.
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Professional & Business Services Sector Leads September’s Job Growth

October US Jobs ReportIn September, the United States generated 248,000 new jobs, a huge jump from last month’s gain of 142,000. The positive news continued as the unemployment rate declined by 0.2 percentage points — dropping from 6.1% to 5.9%, which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate has declined by 1.3 percentage points and the unemployed persons by 19 million.

In the third quarter, job growth vacillated, improving upon the second quarter’s success. Revised numbers were released, showing that both July and August experienced combined growth of 69,000 more than previously reported. The July payroll number was revised from +212,000 to +243,000 and the August numbers were revised from +142,000 to +180,000.
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The Jobs Report by Metro-Area – How Did Your Region Do?

BLS-regional-metro-data-on-BLS-employment-reportThe national BLS “The Employment Situation report – September 2014” report showed an unexpected surge in employment, adding 248,000 new jobs to the economy – 100,000+ more jobs than the previous month. Economists are hopeful that this upswing will continue as we enter into the fourth quarter.

Looking to the BLS’ latest “Metropolitan Area Employment and Unemployment” report, both regional and state unemployment rates saw little change in the United States during the month of August. Last month, the national unemployment rate showed little change, dropping just .1 percentage points to 6.2 – 1.1 percentage points lower than August 2013. Overall unemployment changes have been positive, with forty-five states and the District of Columbia showing unemployment rate decreases over the past 12 months.
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September’s Job Gains Back to 200,000+

Job-Market-TodaySource: BLS “The Employment Situation report – September 2014”

The job market is looking up! The U.S. Bureau of Labor Statistics released its September 2014 unemployment report this morning, showing an overall monthly gain of 248,000 jobs – considerably higher than last month’s reported gain of 142,000. The unemployment rate also saw an impressive decline of 0.2 percentage points, dropping from 6.1 percent to 5.9 percent, which is the lowest rate we’ve seen since September, 2008.

Revisions to prior months show that both July and August experienced more growth than was previously reported. The July payroll number was revised from +212,000 to +243,000 and the August number was revised from +142,000 to +180,000. That makes a combined 69,000 more jobs than initially reported.
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